ENB - Long-Term Forecast

Weekly price is located far above Ichimoku cloud in the bullish area of the chart. The price is testing the resistance level at 55.44 to above for the strong bullish trend to be continuing.
The alternative scenarios are the following:

- if the price breaks the support at 52.50 to below so the secondary correction may be started with 50.06 possible target to re-enter;

- if the weekly price crosses 50.06 support level so the correction will be continuing with 45.03 bearish reversal level;

- if not so the price will be on ranging within s/r channel waiting for the direction of the strong trend to be started.

Summary: primary bullish continuation.