EG is at a weekly support and resistance historical level (broke .8700 level). Obviously it went down strong, but it is about at pitchfork. It can continue down, but I would at least expect a running or expanding flat, some kind of structure. Or it is breaking out to the downside for a very rare huge trade. I only drew the letters to point out that it would be a type of running triangle formation which would break out of pitchfork top to reverse and to continue downside, which it ultimately should (long term). I'm not saying to just buy it, it's in a downtrend as I type this, but looking at everything, I would think there is at least another small buy coming.
Comment:
woops, the "C" was out of place. But I am not saying that's we will get that, but a possibility. I definitely see more downside on this. They just usually run price up to break the high when we get a "B" wave like this, but not always