NKLA - Corrective Wave Finished - New Impulse?
NKLA has been coming down for sometime now, but the appropriate corrective wave has finished. We're now awaiting a new set of corrective waves before we can make new price target predictions. Very likely a quick scalp opportunity is here.
Price point of Invalidation: $40-$42 range
Quick Scalp Take Profit: $50-$52 Range
Price point of Invalidation: $40-$42 range
Quick Scalp Take Profit: $50-$52 Range
Note
I don't wanna repost this so I'll make the edit on this comment, we're waiting on a new set of IMPULSE waves not corrective*Note
Hope you guys found this helpful, waiting for further price action t o tell if this is just a pullback or a setup for a new set of corrective waves.
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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.