Goodmorning all,
The chart below was moments before I was going to bed. I had stayed up to wait for a higher C wave and then a break to the downside to short EOS. Finally it was getting so late that I just went to sleep, because you know, health.
On of my groundrules of trading is to not go sleep without having a stop in place. That's the reason I didn't leave an order open to short this market. If it hit my order, turned around and went back up, I would be in a lot of trouble without my stop.
The chart below is what I woke up to this morning. It went further up than I had expected, but then it turned and dropped hard. Just like I had expected. I missed all of it, but I'm not bitter. This rule has protected me more often than it has hurt me.
What I see in the charts is that we're in a 2nd wave of 5 to the downside at the moment. When this has finished I see a big big big bullish impulse coming. Just like the one we saw in EOS a month ago.
The longer term prediction you can see on the 4h chart below.
Seems like June is gonna be a fine fine month for EOS.
Of course I could be wrong.
Joël
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