NTES Elliot Wave Count: Long opportunity coming soon?

30 Jan

NTES looks to have completed a 5 wave move up from the Oct 2022 low, and is now coming down in a wave 2, in which waves A and B have been completed. Wave C of wave 2 is likely to reach and bounce from the previous resistance zone between $74 to $71 with $71 coinciding with the 0.618 retracement level of the 5 wave move up.

9 Mar

Catatan

Wave B extended higher but price may be coming down in the C wave now

26 Sep

Catatan

late update: price has reversed sharply from the wave 2 low, which should mark the start of a larger degree third wave