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
ืืขืจื:
I'll keep charting NKLA as it seems to be dragging down the whole EV section, but I'm not buying this anymore. DYOR.
Next video Saturday 22 June๐ผ.
Hodlers assume an obvious next wave up but will there be a sting in the tail๐.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month ๐๐ป.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail๐.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month ๐๐ป.
Contact: t.me/dRends35
