$ENA
📈 ENA — Entering Wave 3?
Yesterday, ENA was in an uncertain phase — the price action resembled a bearish flag, and momentum was weak. However, things have now shifted. The price is currently breaking through the resistance line, which is a strong signal that the second corrective wave (Elliott Wave 2) has likely ended.
We may now be entering the powerful third wave — typically the longest and strongest in Elliott Wave theory.
🔹 According to the Fibonacci extension, the next key target lies at the 1.618 level (marked in blue), which is a classic Wave 3 target.
📍 Entry: Market price
📉 Stop-loss: Just below the low of Wave 2 (the bottom of the correction)
This setup offers a clean structure and solid risk-to-reward potential. Watch price action closely — confirmation is key.
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