After an accumulation period EGLD has broken to the upside, reaching its target. Not it comes back to retest the newly formed support levels and possibly reverse from the area of 0.782 fib retracement, which is in confluence with the 50 day MA.
On the daily, if we see a green candle , then a bullish divergence will be formed to confirm the reversal. The oscillators are to the downside, even on the daily chart. This is ready to take off.
On the daily, if we see a green candle , then a bullish divergence will be formed to confirm the reversal. The oscillators are to the downside, even on the daily chart. This is ready to take off.