In this video i provide a road map and potential topping formation on the hourly time frame. It would be unwise to hunt for a long position at these levels. The fear of missing out can be a powerful emotion that must be controlled if you want to succeed as a trader. We must make logical trading decisions based on confluent factors. Using multiple indicators and...
NKLA, Uptrend Lines are still intact on Daily, and Hourly.
Its also Above the 50 Period MA and 20 Period MA
The formation is a rising Wedge with overhead Supply at $37.55 to $38.92.
A possible break higher would bring it above the $40s.
