NKLA in capitulation down another 9% today looking very bearish.
Increased selling pressure from previous sell off suggests price is in a wave 3 of 5 currently.
If 3 then wave 5 may bounce around the 2.618 $5.5.
...
But price could also be in the extended C wave of an ABC.
If C then price may bounce around the 1.618 $8.
...
3 previous pivots back to January make a 1:1 ABC extension to $6.
So good chance price will get to this area.
...
Since the top price has tumbled through many 1:1s tagging both the upper and lower median lines of the pitchfork. RED
So who knows maybe its going to tag LML one more time.
...
I will be buying in this $8 - $5.5 area if price allows.
...
Now just to watch and see if price passes A.
Not advice
Increased selling pressure from previous sell off suggests price is in a wave 3 of 5 currently.
If 3 then wave 5 may bounce around the 2.618 $5.5.
...
But price could also be in the extended C wave of an ABC.
If C then price may bounce around the 1.618 $8.
...
3 previous pivots back to January make a 1:1 ABC extension to $6.
So good chance price will get to this area.
...
Since the top price has tumbled through many 1:1s tagging both the upper and lower median lines of the pitchfork. RED
So who knows maybe its going to tag LML one more time.
...
I will be buying in this $8 - $5.5 area if price allows.
...
Now just to watch and see if price passes A.
Not advice
Nota
I'll keep charting NKLA as it seems to be dragging down the whole EV section, but I'm not buying this anymore. DYOR.
Your FA guru can't read a chartš
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Better than all the rest? My record speaks for itself š”.
Telegram Group: $50 per monthāØ.
Contact: t.me/dRends35
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Your FA guru can't read a chartš
I run a technical group with lots of content every day + regular videos, 1:1, chatroom š.
Better than all the rest? My record speaks for itself š”.
Telegram Group: $50 per monthāØ.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom š.
Better than all the rest? My record speaks for itself š”.
Telegram Group: $50 per monthāØ.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.