NNE has officially completed the technical target of the prior distribution, and price is now starting to show the first signs of accumulation.
Now, we already have 2 clean taps inside the developing model.
I would want to see it trade lower one more time, creating that 3rd Tap.
If NNE gives us that third tap and confirms the structure, the local technical target offers roughly an +80% move from the setup area.
From there, I wouldn't necessarily close everything.
I'd take profits into the local TT and leave a runner positioned toward ATHs if the macro structure continues expanding.
NNE itself remains a highly speculative advanced-nuclear company developing microreactor technologies, so the chart confirmation matters even more here.
The distribution gave us the downside.
Now I'm waiting for the structure that gives us the upside.
Now, we already have 2 clean taps inside the developing model.
I would want to see it trade lower one more time, creating that 3rd Tap.
If NNE gives us that third tap and confirms the structure, the local technical target offers roughly an +80% move from the setup area.
From there, I wouldn't necessarily close everything.
I'd take profits into the local TT and leave a runner positioned toward ATHs if the macro structure continues expanding.
NNE itself remains a highly speculative advanced-nuclear company developing microreactor technologies, so the chart confirmation matters even more here.
The distribution gave us the downside.
Now I'm waiting for the structure that gives us the upside.
Through the lens of the Market Maker.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Through the lens of the Market Maker.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
