NU back to test .60000 to then .55000
Using mainly technical analysis we see a lot of subtle bullish Price Action forming amidst the Dollar strengthening.
-Bullish Bat formed on Daily (Green Harmonic), 4 hr bullish Shark (Blue Harmonic) on top of NU price is at the 2.36 fib level.
-Overall NU is bearish as it is in a big (ABCDE) bearish correction wave. Currently the E wave which should be the biggest wave down still has room for upside to still be considered an E wave.
-My main reason for some bullish pressure is DXY due for somewhat of a retracement/ sideways correction for more upside. Also NU has (big divergence) since the beginning of this month till now.
-Bullish Bat formed on Daily (Green Harmonic), 4 hr bullish Shark (Blue Harmonic) on top of NU price is at the 2.36 fib level.
-Overall NU is bearish as it is in a big (ABCDE) bearish correction wave. Currently the E wave which should be the biggest wave down still has room for upside to still be considered an E wave.
-My main reason for some bullish pressure is DXY due for somewhat of a retracement/ sideways correction for more upside. Also NU has (big divergence) since the beginning of this month till now.