Technical analysis by helpfulPear98930 about Symbol EGLD: Sell recommendation (10/31/2022)

Rising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance.We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge.trigger:$60entry1: $60entry2: bellow wedgetarget1: $53,45target2: $50,50SL: $62,55Will not rush on this trade, this week price action is beyond technicals.trade is active now, manage SL before FOMC. if 0,5 is announced close inmediatellyif press conference hints pivot/dovish set SL at entrygood luck!crazy volatility as expected, I hope your SL was set wide enough. If not, you can reenter the trade near $61.5 with tight SL, again, SMALL position. The real move starts on the break of the diagonal support.1st target hit2nd target hit, big profits!can close trade here, no point on waiting for 0,25 more