NTES generated a strong upward impulse, surging nearly 15% higher, including a gap-up. This brought the stock noticeably closer to the high of the green wave [X], which should ideally form just below the resistance at $134.44. After this peak, we anticipate significant sell-offs down to the $53.09 support level, where the beige wave II should conclude. Since a sustainable uptrend should follow this low, we have highlighted a magenta Target Zone (coordinates: $59.67 – $27.95), which is suitable for long entries. Once the zone is completed, the price should reach levels above the resistance at $134.44 during the subordinate green wave [1]. This mark also plays a role in our alternative scenario (probability: 38%). If the price rises above the $134.44 resistance without previously reaching the Target Zone, we will have to consider an alternative corrective wave structure, with the price currently in the green wave alt.[B].
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📊 Daily market insights combining macro + Elliott Wave analysis
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.