EGLD ANALYSIS (2H)
From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed
.
Wave A, which was a triangle, is over and it seems that we are now in wave B.
Wave B looks like a triangle.
EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B).
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
.
Wave A, which was a triangle, is over and it seems that we are now in wave B.
Wave B looks like a triangle.
EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B).
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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