NU possible pullback

13 Apr 2023

NU overbought - Hitting high volume resistance, having a hard time pushing forward, and has minor divergence

13 Apr 2023

Nota

Here is a clearing picture of what a pullback could look like

13 Apr 2023

Nota

After looking at possible resistence more more in depth these are all the possible scenarios


Its a lot to take in and a lot to look at but I will post below what I believe are the most likely options here

13 Apr 2023

Nota

Here are the more probable situations with the possibility of a pull back on each of the green arrows which I did not plot on the chart

Price could just push from where it is at here

IF a retracement does happen I may only retrace a small amount as the "support" zones are not clear

However I do not believe price will just tumble through support

A double top or bottom could be created here

14 Apr 2023

Nota

We formed up a double top as price bounce from zone to zone and broke at support