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
Comment:
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 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
