Watch the Rectangle on EGLD closely. Trade with professional charting tools.
Sideways movement between parallel supports.
Bearish continuation pattern.
EGLD is showing interesting structural developments at $3.75. Price has moved to $3.75 (-3.9%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $3.62, targeting $2.76 with support near $3.92 (R:R 2.85).
What is your outlook on EGLD?