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
Uwaga
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 chart💭
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Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.