Chart Pattern Analysis Of ENS
In month chart,
The candles were still restricted into a small box.
If K4 break up K3, it will likely accelerating.
In week chat,
K2 failed to close upon the box,
But the candles stay near the top line of the Box.
The possibility of break up is increasing.
If this week’s candle break up the parallel Channel,
A potential bullish double bottom pattern will established.
Will K3 break up the parallel channel ?
I don’t know.
K2 is a bullish engulfing candle, and swallow three red candle body.
It seems to be strong enough.
K3 must verify that, if not, the risk will increase.
