NU is currently in a bear flag on the daily. I think NU will retest the bottom of the channel in the coming weeks. NU touched the 61.8% retracement and the top side of the channel and rejected off the level. This is a long term hold. I will update if I will hold it past .67
Bearish Pinbar rejecting at the strong weekly resistance at 1.4666
The bearish move underway. Broke out of the trendline.
With the bear move down, I am anticipating ...
Short on the NU. Hold for a couple of weeks.
1. Broken Trendline and pullback.
2. 38.2% pullback and rejection from the weekly support turned resistance.
3. Double top
4. Fundamentally - grown pressure of rate cut after AUD rate cut.
This is a continued analysis of my previous post. Check the related ideas. So, apparently, my guess was right. Thursday's Pump and Friday's dump showed a blatant fake out. Reasons why next week is a short: On the weekly, we see bearish pinbar. On the daily, we see an bearish engulfing candle. On the 4hr, we see a ...
Maybe it is too early to tell how this daily candle is going to close. NU skyrocketed overnight. During London time to NY time, it dumped all the way back down. I have a feeling that this may be a fake breakout of the weekly trendline. If price closes below the blue line and .66844, it is surely a short within the ...
NU is in a channel and rejected off the top line of the channel. I am looking for short opportunities. NU is currently in a pullback. I anticipate NU to touch the resistance and fall back down to low .66 territory.
US Economy is getting its ass handed and the US media is making the situation worse. For the past 5 months, the 1800-1850 level has constantly been tested. If the support fails through, my next support level is the 1558 level, which is the 38.2% Pullback. 1558 level was the previous resistance for 2000 Bubble and ...