I’ve been stalking EG for the past few days and the time has come to short!
Our last high point on EG was sitting at 0.93243 with a long legged Doji, that indicates most times there will be a reversal in PA - but didn’t have any other technicals and confirmation to follow through with it.
Then we closed below the monthly key level 0.92441 and re tested and pushed down further - that’s where EG caught my attention, I drew all level at 0.91841 to mark out a possible H&S pattern and everything played out well to the T so fast.
H&S - 4hour support TL break and closure below, re tested 0.91841, bounced off towards support (neckline) 0.91034 and broke below, found 4hour / 8hour closure below and re tested, we also had a nice gravestone doji & bounced off the 50.00% fibs (0.91057)