$ENA
ENA
0.1256
-1.87%
I like the odds on the long side here.
• We saw a sweep of weekly demand, creating a deviation below the daily BOS level, followed by a clean reclaim.
Price then retested the BOS level and held, which confirms the reclaim, and we’re now bouncing from that area.
From a structure perspective, this is constructive and suits a mid-term spot position.
As long as this reclaim holds, upside continuation remains favored.