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The Long Investor
The Long Investor

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$ENSG - RC -

Wave 5 ran very close its its 2.618 Fib which is typically the standard level a Wave 5 runs to
So holders here should be cautious for a breakdown out of the upward channel.

If the channel bottom line is lost between $110 - $120 then I would expect this pull back to be Wave A and will seek to find support on the 0.38 Fib at $100 before bouncing for Wave B.

A hold on the channel line and the price action can make another attempt at the top blue line at $158.

$ENSG - RC -

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