EGLD Retesting Range Resistance

After a series of narrow spread and a shakeout, EGLD is back in range and retesting resistance with demand predominance in the volume. This often indicates a sign of strength (SoS), and if the resistance can be flipped to support, we can expect the resumption of upward price action. Take it up to the 1.272 to the 1.618% Fibonacci zones if this happens and limit out. Invalidate under TRS (the prior range support) if it fails the retest.

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Dagangan ditutup: sasaran tercapai:

1.618% Fibonacci smashed. Right on the money. Good job!