NXT Technical Analysis: Correction into May
SUMMARY
Even the ArchAngel's couldn't fly so vertical as had NXT in its impulse of five waves up. The chart shows NXT (NXT/USD) with a mighty extended 5th wave. The subsequent decline was faster than the fall Icarus must have had. You see, every vertical move gets burnt by the "Sun"; a.k.a. greed.
The correction is projected to be wide in time. The correction has already shown to be complex as labeled by wxyxz. the subwave of the final Z wave show the correction to head towards May. The price pattern is depicted to be the common rounded price bottom and the excitement of building the right side of the wall won't likely be until May or so. However, once the next round of impulse up occurs....do you think it'll be slow or quick/vertical?
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further correction means further fall in price
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I can't see beyond a further fall in this correction
very nice information