SUMMARY
Here is EOS still well within the broadening pattern and hugging the bottom trendline support. Price has broken out of the yellow wdge with bull wick.
The MACD also escaped out of the contracting blue line pattern and has been going sideways. How would this get resolved?
The closeup shows the first round of impulse having completed. Since then, the minor correction has retraced about 0.618 of the impulse rise. Given the label of WXY with Y being a symmetrical triangle and so the correction being now a combination type; the second impulse (blue waves) should initiate as shown in below chart. As had been mentioned numerous times, two rounds of impulse up are often the best indication of a trend reversal confirmation.
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