ENI seems in a downtrend continuation into a descending channel. I'm expecting one more test on lower channel before a possible breakout to the upside. Now the price is breaking the rising correction with a bearish divergence.
- Clear double bottom this year around 12,90. Neckline and Kumo top is ard 16,72. Above that space would open to 20.
- Ichimoku setup is turning to neutral as Chikou losing open space and Price is trying to move above Kijun Sen. Thin Kumo overshade ahead. However Tenkan is still below Kijun and future Senkou A points down a bit.
- Heikin Ashi may give a...