NTES Elliot Wave Count: Long opportunity coming soon?
Updated
NTES looks to have completed a 5 wave move up from the Oct 2022 low, and is now coming down in a wave 2, in which waves A and B have been completed. Wave C of wave 2 is likely to reach and bounce from the previous resistance zone between $74 to $71 with $71 coinciding with the 0.618 retracement level of the 5 wave move up.
Note
Wave B extended higher but price may be coming down in the C wave nowNote
late update: price has reversed sharply from the wave 2 low, which should mark the start of a larger degree third wave
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