Thesis:
ENJ took 28 days to created a higher low from 0.9181 to 0.9953.
Base on Fibonacci Retracement we just passed 0.382 (1.4021) and may go up to 0.5 (1.7140) or 0.618 (2.095) however possible resistance spotted at 1.65 which resisted last June 4, 2021 and March 11, 2021.
By Structural Design on the daily time frame, we should go up 1.65 to 1.71 before having a major pullback.
If we will have a minor pullback then expect the price to land around 1.28 to 1.34 area for it to continue it's healthy DNA.
My expectation is that we will have another pullback if we close below 1.40 by August 1, 2021 | 8AM PH Time zone
If not the expect it to either do sideways or aggressively increase towards the target.
ENJ took 28 days to created a higher low from 0.9181 to 0.9953.
Base on Fibonacci Retracement we just passed 0.382 (1.4021) and may go up to 0.5 (1.7140) or 0.618 (2.095) however possible resistance spotted at 1.65 which resisted last June 4, 2021 and March 11, 2021.
By Structural Design on the daily time frame, we should go up 1.65 to 1.71 before having a major pullback.
If we will have a minor pullback then expect the price to land around 1.28 to 1.34 area for it to continue it's healthy DNA.
My expectation is that we will have another pullback if we close below 1.40 by August 1, 2021 | 8AM PH Time zone
If not the expect it to either do sideways or aggressively increase towards the target.