EG completed a powerful sell off to a major support level and is showing an extremely bullish move on the 4H chart with an engulfing candle at the support level. Keeping an eye out for a trend break into buyers territory on the higher timeframes. Trendline broken on the 1H timeframe, watching for a retest and rejection of the trend line into buyers territory .
Looking for the retracement to the 50-61.8 level.
Looking for the retracement to the 50-61.8 level.