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Here is my main Short term scenario regarding NEAR. It's currently the one that makes sense the most. We have a WXY correction extended to the 1.618 since we have high volume and making big corrections in the bull run. We stopped to reverse at the $6 mark that is first:
- A psychological level that resonates with traders
- the 38.2% fib retracement which makes send here since Wave II corrected a lot then wave IV should do the opposite.
Then, we will continue down going back to below $3 in our super cycle Wave IV. On the short term we are currently in an ABC correction to the downside. If we see high volume coming to the downside then most likely this scenario will apply.
Otherwise, we will see NEAR rising above $6, and if we stay above that level for few days then we'll flip our ST wave count to an 12345 bullish wave count.
Let's wait and see what happens, then we'll update you for sure.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
🔹
WHY FOLLOW?
• 5 Years of experience
• Proprietary Trader
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
🔹
...................................................................................................................................................................................
Here is my main Short term scenario regarding NEAR. It's currently the one that makes sense the most. We have a WXY correction extended to the 1.618 since we have high volume and making big corrections in the bull run. We stopped to reverse at the $6 mark that is first:
- A psychological level that resonates with traders
- the 38.2% fib retracement which makes send here since Wave II corrected a lot then wave IV should do the opposite.
Then, we will continue down going back to below $3 in our super cycle Wave IV. On the short term we are currently in an ABC correction to the downside. If we see high volume coming to the downside then most likely this scenario will apply.
Otherwise, we will see NEAR rising above $6, and if we stay above that level for few days then we'll flip our ST wave count to an 12345 bullish wave count.
Let's wait and see what happens, then we'll update you for sure.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
Comment:
Starting off right
Comment:
Trade still going good, we can reverse back down at ~$5, we'll be going into a bearish wave 3. Will update you!