looking at the 170 area but most likely will close out my puts long before then
Positive divergence on both the RSI and MACD. 5 wave count seems complete on C leg of ABC correction. On my last chart I predicted if the head and shoulders formation broke the neckline a drop to 550 area or .618 fib was likely. Since then all my buy targets have been hit. We could possibly correct to the .718 area but Im comfortable setting my buys at this...
Im looking at a possible Head and shoulders and the start of C wave in a ABC corrective pattern If it breaks neckline my target is around the 0.618 fib near 550
Looks like we are finishing up an ABC corrective wave. On lower time frame I count 5 sub waves on leg C of corrective wave RSI is also showing positive divergence vs price.
Corrective subwave 4 of a larger wave 3 almost complete. EOS should break out of the ABCDE triangle to the upside and start impulse wave 5. Target of 33 dollars or more depending on how extended wave 5 gets
Sub wave 5 of larger wave 3 should take us to 33 dollars or more
Impulse Wave 1 took us from 50 cents to over 11 dollars. Looking for a deep ABC correction. I think we are beggining the C leg of the correction. Looking for 5 impulse waves down to confirm. Targeting .618 fib under 5 dollars