Nested Markup (supplement idea)I was going to type up some additional notes pertaining to my other post, but actually its time for some fireworks soon so I'll just leave this here - knock yourselves out. Will probably send update in the morning touching on the projected paths shown.
Reference this post for general expectations on levels. If you leave with any message its that things might get violent with NVAX price action these next few weeks.
Supplement
Supplement to “Springish” ideaAt smaller time frame I’m observing an expanded flat with B 1.618 extension of A, and C 1.618 retracement of B.
This increases probability of seeing follow through off the bigger picture spring in the accumulation phase going into an expected sign of strength. My last idea, linked, goes into more detail about that but in summary here are my near-term expectations:
- continuation up to 111
- pullback from 111 to around 100
- if bounces at 100, begin markup to 140 initial target