Short
EOS Short on Rectangle Confirmed Breakdown
Price chart formed a 6 week-long rectangle with the lower boundary acting as strong support at 6.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close below 6.64 levels confirmed the breakdown from the 6 week-long rectangle with the possible chart pattern price target of 4.67 levels.
Trade closed: target reached
Target reached.
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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.