Hello Traders,
My Elliot Wave count would suggest EOS has completed its primary wave 4 retrace to the Daily 200 MA and also to the Weekly 50 MA. These key moving averages should act as support for the next wave up.
My wave 5 target would be at the top of the channel, there is a fib cluster and previous pivot high there. It looks "normal" in terms of an Elliot Wave 5 but really this is just a guess as to where price will end up.
If price falls below the Daily 200 MA and Weekly 50 MA that is a bad sign for EOS and would imply price will drop even further. It would also invalidate this TA as the start of Wave 5.
My Elliot Wave count would suggest EOS has completed its primary wave 4 retrace to the Daily 200 MA and also to the Weekly 50 MA. These key moving averages should act as support for the next wave up.
My wave 5 target would be at the top of the channel, there is a fib cluster and previous pivot high there. It looks "normal" in terms of an Elliot Wave 5 but really this is just a guess as to where price will end up.
If price falls below the Daily 200 MA and Weekly 50 MA that is a bad sign for EOS and would imply price will drop even further. It would also invalidate this TA as the start of Wave 5.
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.