ENPH Technical Outlook – Symmetrical Triangle at Decision Point

⚡ ENPH Technical Outlook – Symmetrical Triangle at Decision Point

Ticker: ENPH (Enphase Energy)
Timeframe: 30-minute candles

🔍 Current Setup

ENPH is consolidating within a symmetrical triangle pattern, marked by a series of lower highs and higher lows. This compression indicates indecision, with energy building for a breakout move.

Resistance: 37.40 (upper triangle boundary)

Support: 31.30 (lower horizontal base from early August)

Current price: ~35.70, sitting near the triangle’s apex.

📊 Breakout Levels
🚀 Upside (Bullish Scenario)

Trigger: Break and close above 37.40.

Intermediate Targets:

38.50–39.00 → Upper supply zone.

41.00–42.00 → Next resistance cluster.

Measured Move Target: ~44.00 (triangle height projection).

🔻 Downside (Bearish Scenario)

Trigger: Break below 34.00, confirmation under 31.30.

Intermediate Supports:

33.00 → Rising trendline zone.

31.30 → Strong demand level.

Measured Move Target: ~29.00 (triangle height projection).

📈 Volume Analysis

Volume has been contracting during the triangle’s formation — typical of consolidation phases.

Expect a sharp spike in volume on breakout, validating the move’s direction.

⚖️ Probability Bias

Symmetrical triangles are neutral patterns — they can break either direction.

Bias favors bulls if 37.40 clears, as the recent trend has been upward.

Failure to hold above 34.00 would shift momentum back to sellers, targeting 31.30 and below.

✅ Takeaway

ENPH is at a critical inflection point inside a symmetrical triangle:

Bullish Break > 37.40: Targets 39 → 42 → 44

Bearish Break < 34.00 / 31.30: Targets 33 → 31.30 → 29

Watch for a volume-backed breakout, as the move out of this triangle could define ENPH’s next major trend.