[ENPH] update

The backlink provided the model to the left.  Current actual is to the right.  The price back then was $4.91.  Today its $4.03.  That's nearly a 20% ass kicking that anyone who uses Elliott wave for market timing would have avoided.  This ticker is likely to lose nearly another dollar on its way down to the 61.8 or even the 78.6 fib.  At that point people will be calling it dead, etc. right when they should likely be buying the dip.



None of these models stands in a vacuum. I keep them up to date in real time on the subscriber's blog and thus if you are following one of my main tickers you will know very quickly if the model is broken.  But until the model breaks you stick with the plan and the plan for ENPH longs is to continue to wait until wave 2 or B is is complete and then jump in for a strong move to a higher high.