NU price has left the high volatility range and dropped by over 11% today.
The chart suggests that the first Elliott Wave A-B-C correction structure might be near completion with this five-wave downward move. Prices are reaching quite attractive levels again, prompting me to consider re-establishing a position, as the first clear correction pattern appears to be finishied soon.
There's a possibility that the entire correction could be complete. However, my main scenario anticipates that the chart will develop into a more complex correction pattern over the next few months, not finishing with this simple A-B-C structure.
There's still a chance that if the correction lasts longer, these prices could represent the lowest we'll see.
My primary target remains the 50% Fibonacci level at $9.25.
The chart suggests that the first Elliott Wave A-B-C correction structure might be near completion with this five-wave downward move. Prices are reaching quite attractive levels again, prompting me to consider re-establishing a position, as the first clear correction pattern appears to be finishied soon.
There's a possibility that the entire correction could be complete. However, my main scenario anticipates that the chart will develop into a more complex correction pattern over the next few months, not finishing with this simple A-B-C structure.
There's still a chance that if the correction lasts longer, these prices could represent the lowest we'll see.
My primary target remains the 50% Fibonacci level at $9.25.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.