Falling Wedge- Bullish - Update
Updated
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--
https://www.tradingview.com/i/PY5W9jp1/
--Previously Charted--
https://www.tradingview.com/i/iy7fbKGG/
https://www.tradingview.com/i/R0LlERdS
https://www.tradingview.com/i/4qd3wLsS
--TAN--
https://www.tradingview.com/i/j87Ubwph/
- 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--
https://www.tradingview.com/i/PY5W9jp1/
--Previously Charted--
https://www.tradingview.com/i/iy7fbKGG/
https://www.tradingview.com/i/R0LlERdS
https://www.tradingview.com/i/4qd3wLsS
--TAN--
https://www.tradingview.com/i/j87Ubwph/
Note
PT1 Reached ✅Note
PT2 & PT3 Reached✅
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.