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/
Comment
PT1 Reached ✅Comment
PT2 & PT3 Reached✅
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