EGLD 27.50 must hold Bear Flag monthly target 12.00-19.50
Not financial advice.
Moving forward
27.50 must hold and would be my first entry
We lose 27.50 I'd spread a web of orders between 12-20.00 and hold for long term.
So we have 2 concerning issues with EGLD here.
First off you can see the head and shoulders monthly rejection that was a 83% difference from baseline to top of head.
Applying that -83% that gives us a target of 12.00.
The 2nd alarming pattern is the bear flag pattern which you can clearly see we are trading under currently
27.50 is the last line of support before we truly start just tanking into 12.00-20.00 range.
This is where I'd look for entries if 27.50 dose t hold up.
DYOR
#PIK
Patience is Key
#TLAW
Think Like a Whale
Moving forward
27.50 must hold and would be my first entry
We lose 27.50 I'd spread a web of orders between 12-20.00 and hold for long term.
So we have 2 concerning issues with EGLD here.
First off you can see the head and shoulders monthly rejection that was a 83% difference from baseline to top of head.
Applying that -83% that gives us a target of 12.00.
The 2nd alarming pattern is the bear flag pattern which you can clearly see we are trading under currently
27.50 is the last line of support before we truly start just tanking into 12.00-20.00 range.
This is where I'd look for entries if 27.50 dose t hold up.
DYOR
#PIK
Patience is Key
#TLAW
Think Like a Whale
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