$NKLA Double Bottom - Bearish Bat Return
Real nice double bottom here locally on Nikola.
Really want to see a move above .84 cents here to break MS locally, and confirm the local bullish dragon.
First major level is going to be the supply around the .618 there and then the Weekly zone at 2.82
Above the (B) point, you would expect the "Bat Action Magnet Move", a term coined by Scott Carney, which would anticipate a fast move from there to the 886 for the full return as high as about $8
Id surely take profits a long the way, because as a Tesla fan boy, im not real connected to this company specifically, rather just trading the chart here.
Really want to see a move above .84 cents here to break MS locally, and confirm the local bullish dragon.
First major level is going to be the supply around the .618 there and then the Weekly zone at 2.82
Above the (B) point, you would expect the "Bat Action Magnet Move", a term coined by Scott Carney, which would anticipate a fast move from there to the 886 for the full return as high as about $8
Id surely take profits a long the way, because as a Tesla fan boy, im not real connected to this company specifically, rather just trading the chart here.
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