NU Holdings Outlook
NU price has left the high volatility range and dropped by over 11% today.
The chart suggests that the first Elliott Wave A-B-C correction structure might be near completion with this five-wave downward move. Prices are reaching quite attractive levels again, prompting me to consider re-establishing a position, as the first clear correction pattern appears to be finishied soon.
There's a possibility that the entire correction could be complete. However, my main scenario anticipates that the chart will develop into a more complex correction pattern over the next few months, not finishing with this simple A-B-C structure.
There's still a chance that if the correction lasts longer, these prices could represent the lowest we'll see.
My primary target remains the 50% Fibonacci level at $9.25.
The chart suggests that the first Elliott Wave A-B-C correction structure might be near completion with this five-wave downward move. Prices are reaching quite attractive levels again, prompting me to consider re-establishing a position, as the first clear correction pattern appears to be finishied soon.
There's a possibility that the entire correction could be complete. However, my main scenario anticipates that the chart will develop into a more complex correction pattern over the next few months, not finishing with this simple A-B-C structure.
There's still a chance that if the correction lasts longer, these prices could represent the lowest we'll see.
My primary target remains the 50% Fibonacci level at $9.25.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.