"Top and Bottom Analysis" EOS/USD by ThinkingAnts

4H CHART EXPLANATION:

The main Items are:

-12345 Elliot Count completed
-Bearish Divergence on MACD between wave 3 and 5
-Bearish Flag Pattern

Based on this, if price Breaks out the Bearish Flag Pattern and the Ascending Trend line at 5.140, we expect Down movement towards the support zone at 4.5500,0 paying atenttion to the middle support zone at 4.8900.

Updates coming soon!


MULTI TIMEFRAME VISION:

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-Daily