I think I did something not right picking the standard fibs on the previous idea and also pickup a weak curve. This idea is to fix things. EOS already hit the 1.618 standard fib extension and also the 1.618 circle fib. To fix things I will get out when it hit the green dashed curve for the second time. It will also be a short signal so you can get out and immediately reverse with a very very little stop loss to have a very high risk return. I don't like reversal positions that aggressive, but stop loss you save you if things go bad. So the target here is not a value but the dashed curve. You need to monitor it.
Note
I have reviewed what I could done wrong again and that 2.8% diff really exist, it is possible market will get there again so I will not revert direction on hitting the dashed curve, just get out, as there is already more than 50% profit on this trade:Note
EOS is going down, looks like it will go further down before going up again. It is breaking down the inner 1.0 Circle Fib:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.