EOS break down to retest the support trendline?

We may have seen a fitch wave failure already on the EOS chart, or we still remain in a bullish pendant waiting to breakout on to the fifth wave.

Also we are trading below the 30EMA lets see this becomes overhead resistance to. (2HR chart)


Scenario 1 fifth wave failure = we abruptly follow a ABC correction back to the 1st wave peak.

Scenario 2. Not a failure and we accelerate to $7.70. There is a lot of over head resistance above the 3rd wave peak. If your long watch outdoor the overhead resistance!!!



Peace out!
LULU!!