Cleaner, bigger picture view of NU. Currently at the top of the range (boundaries more noticeable on the weekly chart), and looking to go back to the bottom. Trendline resistance justifying short at the top here, instead of breakout higher. Lower bound trendline intersecting with blue descending trendline helped spot a possible entry around end of March time frame for a long. Break of this range, if going by textbook, would mean a breakout of equal size to the direction of the break. That would send us to .77159, which also intersects with our current resistance trendline. This is also at a point where we would meet a repeated parallel trendline that's been in play since the history of NU. I would expect a long term short from that point.
Kommentera:
Finally the rejection we were looking for. Bearish outside bar on the daily above the 20ema. We should see the down move start from here.
Kommentera:
Now it's time to go long
Kommentera:
Long triggered