EVT - Presenting good buying opportunity between $9.40 and $8.75EVT is expected to provide a good buying opportunity between $9.40 and $8.75. It has proven that it is now in an uptrend and the bullish confirmation indications are:
1. It has been printing higher highs and higher lows
2. it had formed a golden cross which is bullish
3. The recent swing to $11.50 was very impulsive
Since it has hit the Resistance level of $11.50, it has been forming bearish candles, which suggests now there is selling pressure and it may pull back. I think it will present a very good buying opportunity. I think it may pull back to its 50% Fibonacci Retracement level and there is also a gap window in the Buy Zone, between $9.40 and $8.75. which is a confluence.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade
