ENJ has touched the top of the funnel inside which it seems to evolve. The indicator shows an overbought situation.
Entry: buying zone or the bottom of the funnel
Short term TP: 913
In the long run, prices have hit a major support, 529, tested thrice in twelves months (aug-18, nov-18 and aug-19).
Trade the fib levels
Entry: buying zone or the bottom of the funnel
Short term TP: 913
In the long run, prices have hit a major support, 529, tested thrice in twelves months (aug-18, nov-18 and aug-19).
Trade the fib levels
Note
ENJ is actualy ranging prepare to enter at the bottom of the rectangle.entry: 751
SL: 729
TP1: 784
TP2: 839
TP3: 889
Note
Because of the downward acceleration in H4 and the oversold situation in daily, it would be wise to buy to prepare to buy at : 1- 709 (daily kijun sen)
2- 698 (bottom of the H4 range)
3- 665 (bottom of the daily kumo)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.