Technical analysis by pasa0661 about Symbol ENJ: Buy recommendation (4/6/2024)

There was a deep collapse on the Enj daily chart from 4.85 to 0.20. That's why there are previously formed support resistance channels drawn with gray lines. However, our job is not just to trade over or inside the support resistance channel. Using these to complete the puzzle and get to the conclusion. I will talk about it in the comment below the analysis on a chart ranging from 0.20 to 0.70, an ABC wave is present and the correction wave is between 0.486 < Wave 2 < 0.618 ... First of all, the drawing is one of the EW Extending 3 models. I will show the 3rd wave at 1.50, the 4th wave at 1.05 and the 5th wave, which I will show in the comments. I expect it to finish around 3.40... Thank you for reviewing my analysis and good luck to everyone...