ENJ - 4H Uptrend, after expected correction

Here is a short analysis based on the chart's elements:

Trendline Breakout: The price has decisively broken out of a long-term descending white trendline, which previously acted as resistance. This is a strong bullish signal, suggesting the end of the downtrend.

Market Structure Shift: The chart shows multiple "ChoCH" (Change of Character) and "BOS" (Break of Structure) to the upside, indicating a shift from a bearish market structure (Lower Lows and Lower Highs) to a bullish one.

Predicted Path: The large yellow arrow drawn on the chart illustrates the forecast. It predicts a potential small dip or consolidation to retest the broken trendline as new support, followed by a significant upward move.

Target: The arrow points towards the upper red resistance/supply zones, suggesting a potential target price around the 0.07200 level.