EN has been a bit of a mess. After an initial 5-wave impulse move up, we immediately got a 5-wave impulse move down, which found support at the 1.75 round number level.
Since then we've been in a consolidation ascending triangle pattern.
It's now teetering on the edge of breaking to the downside. A sustained break would open up a test of the previous structure lows.
If it finds support here it could easily go up to test the top of the ascending triangle again.
Will be watching this pair closely as when it moves it tends to move hard!
Disclaimer: just ideas, no crystal ball, not advice, do your own research
Since then we've been in a consolidation ascending triangle pattern.
It's now teetering on the edge of breaking to the downside. A sustained break would open up a test of the previous structure lows.
If it finds support here it could easily go up to test the top of the ascending triangle again.
Will be watching this pair closely as when it moves it tends to move hard!
Disclaimer: just ideas, no crystal ball, not advice, do your own research
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