EG has formed a promising head and shoulders pattern as well as a complete 5 wave impulse. According
to theory, we should expect a corrective structure of relevant degree. Waves A and B have successfully
formed and with the guidance of those two, wave C can be determined. Wave C is currently projected
at 100% of wave A, which is confluent with the parallel channel implied by the tops of waves 5 and B.
If you enjoy this post please do not hesitate to hit the like button and drop a comment below with your perspective, it will be highly appreciated
to theory, we should expect a corrective structure of relevant degree. Waves A and B have successfully
formed and with the guidance of those two, wave C can be determined. Wave C is currently projected
at 100% of wave A, which is confluent with the parallel channel implied by the tops of waves 5 and B.
If you enjoy this post please do not hesitate to hit the like button and drop a comment below with your perspective, it will be highly appreciated
Trade active
Pending order triggeredTrade closed: stop reached
SL hit
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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.