The chart broke down from our previous wedge, causing a wide broadening formation. We broke below the 0.618 fib level, would have liked to see a sustained volume shelf there creating a better support. Price will need to bounce from 0.1011 and close above that level or we will continue to see continued selling pressure. EXPECT ALOT OF VOLATILITY FOR THE REMAINDER...
It appears we just completed a 5 wave corrective pattern to squeeze the end of the triangle.... Bouncing off the 0.618 fibonacci level (the golden ratio). This is a classic bullish setup! Especially since we closed above the 0. 618 fib. 🤘🏻Future catalysts are closer than we think 🤘🏻 🐂Come on audited Financials and uplisting🐂
Just in case the market decides to head south, Here is my spy short plan. Stop above previous ATH, take profit just above the 0.618 Fibonacci. P.S. I am bullish on the overall market still, don't take my shorts please ;)
Here is a great risk to reward ratio for those that like to get in and out based off of Fibonacci levels. Stop loss set just below the 0.618 level, enter on small pullback that closes above previous days low.
2 PR's today, shorts hitting hard and we still ripping past targets! More PR's expected this week, on SARS2, potential buyout or partnership. Will continue to buy any dip as I'm super bullish on this company.
Market corrections are a major concern for investors and traders alike today. Here are some key levels to watch for as we see economic concerns, inflation, and Fed Meetings this week. Bulls need to hold the 20 SMA to stay in control, failure to hold can and will possibly lead to a retest of previous lower supports. We can assume if we see a correction it will be...
Wave 1 is the start of a bullish trend, it is SUPER hard to catch, usually everyone is pessimistic on the stock and nobody believes the move that its making. Wave 2. where we currently are and possibly just finished.... usually has lower volume than wave 1, The price usually does NOT go below 0.618 fib retracement line (which we haven't) :), however sometimes but...
We can see here that ENZC has had alot of good moves recently, for both the bulls and the bears. However, lets have a look at the fibs and see what that tell us..... Without news we can plan for a move to the 0.618 area @ 0.59 . That would be a 0.12 cent move, awesome news! Thats over a 20% gain from its current price. With news however, this stock could easily...