📊 EGAL: From ATH Reversal To 295 Line In The Sand ⚠️📉
🔍 The Pulse
EGAL reversed from its 350 ATH into a correction, breaking a triangle pattern to the downside, failing the retest, and now losing main support on high volume.
Price action is shifting from distribution to a confirmed bearish phase unless 295 is defended this week.
🧱 The Key Structural Boundaries
📈 All-Time High – 350: The recent 350 ATH marks the top of the prior impulsive leg and the start of the current correction phase.
📉 Key Support / Fib 38.2% / Stop Zone – 295: A break of the 295 area, aligned with the 38.2% Fibonacci level, is the final confirmation of a new downtrend and the logical stop loss for remaining longs.
🎯 Triangle Breakdown Target / Fib 61.8% – 262: The measured move from the triangle points toward the 262 zone, near the 61.8% Fibonacci level, as the primary downside target.
🎯 The Verdict
Treat 295 as the hard invalidation level: a weekly break and hold below it signals a confirmed downtrend with downside potential toward 262.
Longs should respect stops at 295, while only disciplined, trend-aligned traders may look for short opportunities targeting the 262 area.
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🔍 The Pulse
EGAL reversed from its 350 ATH into a correction, breaking a triangle pattern to the downside, failing the retest, and now losing main support on high volume.
Price action is shifting from distribution to a confirmed bearish phase unless 295 is defended this week.
🧱 The Key Structural Boundaries
📈 All-Time High – 350: The recent 350 ATH marks the top of the prior impulsive leg and the start of the current correction phase.
📉 Key Support / Fib 38.2% / Stop Zone – 295: A break of the 295 area, aligned with the 38.2% Fibonacci level, is the final confirmation of a new downtrend and the logical stop loss for remaining longs.
🎯 Triangle Breakdown Target / Fib 61.8% – 262: The measured move from the triangle points toward the 262 zone, near the 61.8% Fibonacci level, as the primary downside target.
🎯 The Verdict
Treat 295 as the hard invalidation level: a weekly break and hold below it signals a confirmed downtrend with downside potential toward 262.
Longs should respect stops at 295, while only disciplined, trend-aligned traders may look for short opportunities targeting the 262 area.
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。