Top and Bottom Analysis +4hs Trade idea on EOS by ThinkingAntsOk
On this post, we have made a full analysis on 3 timeframes of EOS and we developed a trade idea that is not confirmed yet, but we will wait for that formation
Let's start on the Daily Chart:
a)The ascending trendline was broken
b)Currently, the price is below a Support / Resistance zone
c)We can see a Flag pattern against the Broken trendline and the Resistance Zone
d)Flag patterns are considered continuation structures
Now let's take a look to the Weekly Chart
Trade Idea on 4hs, this is what we will be waiting for, before taking a short setup
Let's start on the Daily Chart:
a)The ascending trendline was broken
b)Currently, the price is below a Support / Resistance zone
c)We can see a Flag pattern against the Broken trendline and the Resistance Zone
d)Flag patterns are considered continuation structures
Now let's take a look to the Weekly Chart
Trade Idea on 4hs, this is what we will be waiting for, before taking a short setup