SUMMARY
Enigma (ENG) has an unusual pattern which I've rarely seen. The Cup pattern is quite common but the channel following the impulse waves seem to be moving within a convex channel. From the curvaceous feature, the price seems to be patterning out a sizable rounded price formation.
I've labeled every subwave. The first draft down was an ABC of a W followed by X,Y,X and Z. The subwaves of red Z show the blue abc overlapping corrective waves and that could potentially mark the starting point of hte basen phase of the rounded price formation. From a time perspective, the Z wave point is not far off but about around the corner.
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