Looking at a weekly chart for ENPH it appears that prices is currently attempting a brake of its down trend since December of last Year.
Currently price has been consolidating a sideways range that inevitably will brake one way or the other.
IF the market is TRUELY bullish we would expect this trend to brake and price to rise to the top of the value area and redistribute.
IF price fails to brake trend and continues to reject a continuation to the down side should be expected.
As the market has already seen some very nice price rises in recent months a rejection may be more likely followed by a continuation to the down side.
Trade Well....
