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jacobosiason7

Falling Wedge- Bullish - Update

Long
Enphase Energy, Inc. (NASDAQ:ENPH)  
jacobosiason7 Updated   
NASDAQ:ENPH   Enphase Energy, Inc.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout support_and_resistance supply_and_demand falling_wedge Hammer oversold swingtrading longer-term
4
2
trendanalysis chartpattern indicator bullish breakout support_and_resistance supply_and_demand falling_wedge hammer oversold swingtrading longer-term
ENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets.

- Bullish Hammer off the 200-Day EMA
- RSI in Oversold Territory
- Falling Wedge
- Slight Gap to FIll on the Upside
- Holding Above VWAP on the 4-Hour (See Attached Chart Below)
- Falling Wedge on the TAN ETF as well

PT1- $185.37
PT2- $187.64
PT3- $189.36
PT4- $191.48

--4-Hour Timeframe--
snapshot
--Previously Charted--
snapshot
snapshot
snapshot

--TAN--
snapshot
Comment:
PT1 Reached ✅
Comment:
PT2 & PT3 Reached✅
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