EOSLong
EOS/USD
The recovery since the March sell off has not been equal across the market. EOS is among others that have moved up in corrective, 3 wave fashion. Until the overall structure begins to change, we can expect corrective movement to continue.
However, this still leaves us with an opportunity to the upside. I'm looking for a 3 wave move to the upside targeting $4.50 - $5.50. Primary targets are the 1:1 - 1.382. If this begins to move impulsively, I am expecting a 5 wave move targeting the 1.618 @ $6.13.
Stop loss @ $1.97.
However, this still leaves us with an opportunity to the upside. I'm looking for a 3 wave move to the upside targeting $4.50 - $5.50. Primary targets are the 1:1 - 1.382. If this begins to move impulsively, I am expecting a 5 wave move targeting the 1.618 @ $6.13.
Stop loss @ $1.97.
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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.