ENJ - More downside expected


We've successfully reached the initial target I previously mentioned (100% extension at 0.264), but an important observation is the lack of RSI divergence. This suggests the likelihood of experiencing another downward movement.

I'm considering the possibility that wave 4 might still be in progress. However, it's important to note that my analysis remains unchanged as long as we maintain a position below wave 1, as indicated by the purple line at 0.4086.

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