$ENG, Music To My Ears…
Weekly
Looking at our trend timeframe we see price continuing to head in our downtrend with no clear signs of reversal. Resistance found at 10000, this weeks candle now looking for support. Possible reversal pattern on smaller timeframes. Last time we were at this price was back in late December 2017.
Daily
Shifting over to our pattern timeframe we see price stuck in a consolidation zone between (8200-9575). Stochastic RSI showing momentum is in favor of bears with no signs of reversal. A daily close above/below our shows levels indicates our next direction.
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