EOS/USD

The recovery since the March sell off has not been equal across the market. EOS is among others that have moved up in corrective, 3 wave fashion. Until the overall structure begins to change, we can expect corrective movement to continue.

However, this still leaves us with an opportunity to the upside. I'm looking for a 3 wave move to the upside targeting $4.50 - $5.50. Primary targets are the 1:1 - 1.382. If this begins to move impulsively, I am expecting a 5 wave move targeting the 1.618 @ $6.13.

Stop loss @ $1.97.