Entering Channel Down

7 giu 2018

We have had to hold the shorts a little longer as the break out was posteponed until yesterday. EOS will now be entering the expected "harmonizing" Channel Down on 4H (ADX = 30.917, RSI = 53.158) as the rejection off the Lower High (as seen on the chart) is similar to the break-down of last February. 1D MACD = -0.061 still points lower and 1H has alread yentered a controlled decline (B/BP = -0.0280). We have to update the TP set: 8.8641 and 7.4356 (the extension TP will be with the SL on profit margin).