Live monitoring of the Ascending Triangle setup on EG. See where price is heading.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
EG is showing interesting structural developments at $385.12. Price has moved to $385.12 (2.55%) amidst recent volatility. Algorithmically, a Rounding Bottom structure has completed. The trend indicator is reading 19.0/100, suggesting moderate momentum. A potential breakout level is identified at $386.87, targeting $458.84 with support near $350.88 (R:R 2.0).
What is your outlook on EG?