$NOT : POSSIBLE DESCENDING PEAKS FORMED LEADING TO DECLINE!
If you're looking for an in-depth analysis for NOT, you're in the right place.
The chart above shows how the possible descending peaks could be formed with the impulsive & corrective waves highlighted with every pivotal points. Although, the support can be clearly identified as already one of the factors holding NOT's price. There is still 1 factor that is keeping this key level and that is, market sentiment. As the bullish market sentiment is increasing and could possibly heighten, there's a tendency for another retracement with NOT to happen. Since, the sentiment could reach its peak, there is a tendency for the price to experience a significant drop after the sentiment is exhausted. After this, we're expecting a decline for long term after the breakdown occurs.
Stay wise, trade cautiously.
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