waiting on the ego dip
Updated
as per request, analysis on EGO
I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out
also, the Fibonacci support levels are pretty close from the big dump previously and also the current downtrend. I would buy chunks of it on the way down but i think buying around 7.00 or high 6's would be a good bet for another swing trade higher.
I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out
also, the Fibonacci support levels are pretty close from the big dump previously and also the current downtrend. I would buy chunks of it on the way down but i think buying around 7.00 or high 6's would be a good bet for another swing trade higher.
Trade closed manually
i was wrong, what more can I say?
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