EGLD - Long Setup [ 1H TF ].
On the 1H TF we see a bearish trend that might be at the end, so we have an opportunity to take a long position.
Here we have a possible trend reversal on the 1H timeframe. According to Elliott wave, the 5th wave is the last impulsive wave and we could expect a trend reversal at the end of the wave. Another confirmation is the rejections that were formed before in that key zone.
These multiple confirmations shows us a possible long entry opportunity.
On the 1H TF we see a bearish trend that might be at the end, so we have an opportunity to take a long position.
Here we have a possible trend reversal on the 1H timeframe. According to Elliott wave, the 5th wave is the last impulsive wave and we could expect a trend reversal at the end of the wave. Another confirmation is the rejections that were formed before in that key zone.
These multiple confirmations shows us a possible long entry opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.