SpaceX appears to have concluded a three-wave correction in early August, establishing an accumulation base and initiating an impulsive move toward the price level where the stock first traded following its IPO.
This price level is particularly significant as it coincides with the volume-weighted average price and consequently, price is currently rejecting from this level, possibly developing wave (2).
Watch for the buy zone, where buyers should appear and send the price higher.
https://www.tradingview.com/chart/TklaPXFO
This price level is particularly significant as it coincides with the volume-weighted average price and consequently, price is currently rejecting from this level, possibly developing wave (2).
Watch for the buy zone, where buyers should appear and send the price higher.
https://www.tradingview.com/chart/TklaPXFO
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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.
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.