AI
Wednesday, June 23, 2021 10:10:15 AM
Elliot Waves Chart:
ENZC seems to have very nice and easy to see / clean chart patterns IMO, especially the Elliot Waves. 5 Waves uptrend with ABC correction. Even with all the obvious manipulation that MAGA points out, I can still see excellent patterns that stay within the expected framework of Elliot Wave Patterns overall.
After the huge ABC correction that fell below the 200EMA (Red Line), then subsequent move (forcefully) back above the 200EMA, we seem to be completing our pullback after the first wave, back to touch down to the 200EMA around .165-17. OTC stocks do have a tendency to swing further in both up and down moves due to the excessive volatility in general....but may be significantly due to manipulation as well.
We are looking good for our next wave, although it is possible this wave 1 is not even complete. Sometimes (like in our previous wave 1 last year, we can see two parts that complete the wave 1). We will be able to see if this is only the first part of wave 1 or the beginning of wave 3 in the coming days/weeks.
This is most likely the end of our pullback. Great time to add to your position if you can.
GLTA!
ENZC seems to have very nice and easy to see / clean chart patterns IMO, especially the Elliot Waves. 5 Waves uptrend with ABC correction. Even with all the obvious manipulation that MAGA points out, I can still see excellent patterns that stay within the expected framework of Elliot Wave Patterns overall.
After the huge ABC correction that fell below the 200EMA (Red Line), then subsequent move (forcefully) back above the 200EMA, we seem to be completing our pullback after the first wave, back to touch down to the 200EMA around .165-17. OTC stocks do have a tendency to swing further in both up and down moves due to the excessive volatility in general....but may be significantly due to manipulation as well.
We are looking good for our next wave, although it is possible this wave 1 is not even complete. Sometimes (like in our previous wave 1 last year, we can see two parts that complete the wave 1). We will be able to see if this is only the first part of wave 1 or the beginning of wave 3 in the coming days/weeks.
This is most likely the end of our pullback. Great time to add to your position if you can.
GLTA!
