ENA contracting triangle
Updated
I can notice that the ENA is moving in a contracting triangle which generally occurs in wave 4 in the five wave impulse pattern.
I expect the price goes to 0.3823 or higher (truncated triangle).
The target would be 0.4181 when wave 5 = wave 1
or
the target would be 0.4124 which is the triangle height.
It may goes also higher than that or it may not,
Stop loss may be 0.3763 which is the end of wave C in the triangle.
As I always say, use your protective stop and manage your wallet risk
Good Luck
:)
I expect the price goes to 0.3823 or higher (truncated triangle).
The target would be 0.4181 when wave 5 = wave 1
or
the target would be 0.4124 which is the triangle height.
It may goes also higher than that or it may not,
Stop loss may be 0.3763 which is the end of wave C in the triangle.
As I always say, use your protective stop and manage your wallet risk
Good Luck
:)
Trade active
it is ok to trade the breakout, the wave e is expected to be truncated.
use your stop loss under wave e 0.3853
good luck
Trade closed manually
protective stop hit with profit.
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