ENPH has started a new up going motive wave ! how far it goes? Lets follow the analysis !
ENPH reacted well to the 0.618 golden ratio retracement of last rally labeled as wave i after a beautiful abc form of correction which formed wave ii. If true, Wave iii has started and is going to push up the stock to 294 USD. After wave iv correction upcoming wave v will even push the price more up to 319 USD to complete an Elliott wave cycle. Please note that these targets are obtained by typical Fibonacci levels of mentioned waves. Should it need any update, It will be published later.
Mentioned wave cycle is itself wave 5 of 3 of a larger cycle Elliott wave which means after completing the current cycle there will be a huge correction and another huge move up. This point shows that the general trend of stock is up and if you are a stock holder you will gain much more profits in long term. The larger cycle Elliott wave count will be published soon and added to the related link so, I refer those who want to take a general picture of the stock to that upcoming publication.
Stock newly broke the short term down trend line and is attacking the more powerful down trend line connecting two major highs. I believe every entrance strategy we choose to take a long position in this stock at the current point will brings us considerable profit. It is just the matter of risk management and maximizing profit .
It is worth to note that in terms of timing chart is a schematic drawing although I tried to make it precise by using time Fibonacci.
A trade below the last formed low makes this analysis invalid for some times and makes us to provide a minor update.
As always we emphasize, besides all these bullish signs we have to trade objectively.
Good luck my friends and
ENPH reacted well to the 0.618 golden ratio retracement of last rally labeled as wave i after a beautiful abc form of correction which formed wave ii. If true, Wave iii has started and is going to push up the stock to 294 USD. After wave iv correction upcoming wave v will even push the price more up to 319 USD to complete an Elliott wave cycle. Please note that these targets are obtained by typical Fibonacci levels of mentioned waves. Should it need any update, It will be published later.
Mentioned wave cycle is itself wave 5 of 3 of a larger cycle Elliott wave which means after completing the current cycle there will be a huge correction and another huge move up. This point shows that the general trend of stock is up and if you are a stock holder you will gain much more profits in long term. The larger cycle Elliott wave count will be published soon and added to the related link so, I refer those who want to take a general picture of the stock to that upcoming publication.
Stock newly broke the short term down trend line and is attacking the more powerful down trend line connecting two major highs. I believe every entrance strategy we choose to take a long position in this stock at the current point will brings us considerable profit. It is just the matter of risk management and maximizing profit .
It is worth to note that in terms of timing chart is a schematic drawing although I tried to make it precise by using time Fibonacci.
A trade below the last formed low makes this analysis invalid for some times and makes us to provide a minor update.
As always we emphasize, besides all these bullish signs we have to trade objectively.
Good luck my friends and
Comment:
We made another amazing trade.Congrats my friends.
Comment:
New ATH ! Congrats
