Interesting to watch NKLA trend change over time since the blow off top.
First there were deep crashes followed by bumpy V shaped recoveries.
And those recoveries impulsed into leaps that tagged the 200DMA.
Then as the leaps became smaller we had a drifting up and sideways flaggy bottom.
And then the leaps weakened as the 200DMA pressed down.
And now there are no leaps, only flags and capitulations.
Those capitulations will likely lead to deeper capitulations and at some point the selling climax which I think will be around $2.
Not advice.
First there were deep crashes followed by bumpy V shaped recoveries.
And those recoveries impulsed into leaps that tagged the 200DMA.
Then as the leaps became smaller we had a drifting up and sideways flaggy bottom.
And then the leaps weakened as the 200DMA pressed down.
And now there are no leaps, only flags and capitulations.
Those capitulations will likely lead to deeper capitulations and at some point the selling climax which I think will be around $2.
Not advice.
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Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35
