Ergo sitting at long trend channel support
currently Ergo is sitting at upward trend (Blue) channel support if it breaks to the down side I will be looking at the orange downward trend support. If this blue channel hold I am looking at the possible formation of Elliot Wave in the macro view, which implies wave 2 is complete and wave 3 is forming. wave 3 confirmation once price action starts trading above wave 1. Also testing the RSI.
Related publications
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.