Elrond Important weekly candle close to come
Hi everyone,
One of my members was asking what are the signs of a reversal or a real confirmation that Elrond will go lower... or a real confirmation of trend change.
If EGLD close like this in 4 days on the weekly chart, this will be a real confirmation of trend change.
Currently this formation is showing no new high, a double top, and a new low.. All those combinations
will send a clear RED signal that the next Monthly close will create a bearish Shooting Star.
What are we looking or expecting to have to say that this was a positive weekly for Elrond?
1- A close of EGLD at 140$ will confirm a double bottom which is good.
2- If EGLD is making a new high.
What happen if we have a bearish close with a double top.. or no new high... Without a doubt i will take my profits and wait to buy lower aroud 85$ or 45$
Best to you!
One of my members was asking what are the signs of a reversal or a real confirmation that Elrond will go lower... or a real confirmation of trend change.
If EGLD close like this in 4 days on the weekly chart, this will be a real confirmation of trend change.
Currently this formation is showing no new high, a double top, and a new low.. All those combinations
will send a clear RED signal that the next Monthly close will create a bearish Shooting Star.
What are we looking or expecting to have to say that this was a positive weekly for Elrond?
1- A close of EGLD at 140$ will confirm a double bottom which is good.
2- If EGLD is making a new high.
What happen if we have a bearish close with a double top.. or no new high... Without a doubt i will take my profits and wait to buy lower aroud 85$ or 45$
Best to you!
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