Short
NBL SHORT because of a pullback in its downtrend
There is a downtrend, good price action at the pullback and so it creates a good opportunity with a 2:1 reward to risk ratio. The daily chart seems to be pulling back to its remaining uptrend so we will see what happens
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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.