EOS - HEADING UP
EOS is climbing up in the potential channel. I am posting here a view on my wave count and trade channel.
Alsways keep in mind that you have to count that this channel is not unbreakable, there can occur a throw-over and peaked higher as the upper line of the channel shown in chart.
But even though is trading in the channel very strong weapon for your simple imagination, range of movements and support/resistance zones.
According to conditions of market you have to adapt your counting and set your mind.
In many cases is good to have an alternate wave count scenario and be able to react on the market at the right time.
My targets for the wave 3 are the red zones. Then I expect pullback in wave 4 and after we gain a momentum with good volume I am going for the wave 5.
Alsways keep in mind that you have to count that this channel is not unbreakable, there can occur a throw-over and peaked higher as the upper line of the channel shown in chart.
But even though is trading in the channel very strong weapon for your simple imagination, range of movements and support/resistance zones.
According to conditions of market you have to adapt your counting and set your mind.
In many cases is good to have an alternate wave count scenario and be able to react on the market at the right time.
My targets for the wave 3 are the red zones. Then I expect pullback in wave 4 and after we gain a momentum with good volume I am going for the wave 5.
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