NNOX accelerating to the downside here peeling down and away from the 20WMA as it did in A wave collapse.
I've left the long range 0.618 and short range 1 to show potential fibonaaci reversal points, but as you can see the confluence is with the lower 1 and 1.618 which combined with consideration of downward thrust will likely show parking for a primary C wave selling climax in the area of $6.
Probable weekly RSI will go oversold.
May overshoot fibs sub $6 but should see a hard bounce in that area.
See you there.
Not advice.
I've left the long range 0.618 and short range 1 to show potential fibonaaci reversal points, but as you can see the confluence is with the lower 1 and 1.618 which combined with consideration of downward thrust will likely show parking for a primary C wave selling climax in the area of $6.
Probable weekly RSI will go oversold.
May overshoot fibs sub $6 but should see a hard bounce in that area.
See you there.
Not advice.
Comment:
Heading for $6 in freefall just as I said. 😄
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