A contracting triangle trade setup for EOS.
Expecting a continuation of the bull move, targeting $7 due to it being
1) a measured move from the beginning of triangle to A
2) previous support-turned-resistance zone
3) psychological level
The count is invalidated if the price drops below $6.3830
Expecting a continuation of the bull move, targeting $7 due to it being
1) a measured move from the beginning of triangle to A
2) previous support-turned-resistance zone
3) psychological level
The count is invalidated if the price drops below $6.3830
Trade closed: stop reached:
As I had mentioned, the count was invalidated once the price dropped below $6.3830.
Looking at the strength of this drop, it seems that we have started an impulse wave down to lower levels. I will share the updated count in my next post.
Looking at the strength of this drop, it seems that we have started an impulse wave down to lower levels. I will share the updated count in my next post.