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Bixley

E - Down Channel Break

ENI S.p.A. (NYSE:E)  
Bixley  
NYSE:E   ENI S.p.A.
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Price is currently bouncing off the top of the long term down channel
This is within a smaller up channel that is taking its time to form
(1) label is the left and right shoulders
(2) label is the arms of the structure
(3) is the head

I expect the smaller up channel to continue for a bit following down channel bounce.
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