After weeks of waiting the descent has finally begun. RSI is showing major drop although it still sits high... which tells me that a much further drop is in the cards. At the moment price sits at the 61.8 retracement and could come up into a double top before dropping further. If you were to trade the retrace i would be careful because although EG is technically still in an uptrend, the reversal looks to be starting.
Trade geschlossen: Stop wurde erreicht:
double top didnt happen just yet. Although there is still a chance that it could print a larger one