Potential Cup with handle ENJ

3 Nov 2021

We might have a potential CwH on Enj, zooming to 2h makes it bit more obvious and clear.
Fibs do the rest. Let's see how this one plays out in the next few days!
No financial adivce

First Target @ 4 Dollar (ATH) and rest at Fibs 1.618!

Good luck :)

4 Nov 2021

Dagangan aktif

Check "ENJ Update" for new information regarding this trade

7 Nov 2021

Dagangan ditutup secara manual

Idea not valide anymore, i closed my trade in profit and wait for a new opportunity.
On RSI (4h chart) we make low highs and on the chart we make higher highs in a very minimal level, therefore a bearish divergence is about to develop.
For me personally, enough to close the trade! Moreover, the Cup with handle did not play out as I hoped or expected (no significant volume or a strong breakout). This shows weakness on this trading idea and therefore one more sign that I should close this trade!
Good luck to those you stay in the trade :)