Every impulse wave has a correction. What goes up must come down. For NUAI, the time to come down has finished. You can see the end of the A, B, C cycle on a 15 min timeframe. Wave C closed with 4 subwaves down with the 5th subwave extending lower after hours.
What's interesting with this correction is how high wave B extends past wave A, which shows great optimism in this market. Wave C also extends more sideways rather than straight down at a steep angle, which is another indicator of optimism.
What I would expect next is a strong impulse wave to the upside. There's always a possibility of an extended correction, but given the high optimism here, I don't believe there will be.
In terms of readability and movement, I would rate this elliott wave an 8.8. The waves are fairly easy to read and the movement is smooth and steady. In other words, the waves do not halt and stall for a long time. Just today, it was able to finish wave B and C, which is great movement.
What's interesting with this correction is how high wave B extends past wave A, which shows great optimism in this market. Wave C also extends more sideways rather than straight down at a steep angle, which is another indicator of optimism.
What I would expect next is a strong impulse wave to the upside. There's always a possibility of an extended correction, but given the high optimism here, I don't believe there will be.
In terms of readability and movement, I would rate this elliott wave an 8.8. The waves are fairly easy to read and the movement is smooth and steady. In other words, the waves do not halt and stall for a long time. Just today, it was able to finish wave B and C, which is great movement.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。