EJ Down

9 Kas 2018

Here is a waves analysis on EJ. I've tried to illustrate it as clean and simple as possible.

We can see price breaks an uptrend channel and formed wave (ii).
Price has already started to show some strength to the downside after also breaking through EMA180.

Objectives:
0.00% extension near 126.650
1.27% extension near 124.900

Best of luck!