EABL LONG

EABL is a prime example of a company which formed a rally and caused an imbalance only for price to come and fill it later on. As a result, the excess demand for EABL price was balanced out and now price has caused an imbalance on the supply side. This is seen as price is forming a trendline to the downside, which is waiting for it to be broken so that demand can go fill out the excess supply and reach equilibrium before making a pullback to the other direction. Beneath the chart, there is a liquidity hunt for price to indicate that price was seeking final liquidity before it goes up. Usually, this would be your ideal stop loss level if you are looking to go long.
Trend Analysis

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