Member Request: $NFE May Have Entered a New Bullish Cycle of Primary Degree

$NFE has retraced the rally from the COVID lows to a level consistent with a wave two (having found some support here near the 61.8% level), and the structure counts well as a correction. So long as it remains above the October low, it may continue to the upside. The initial move off that low can certainly be counted impulsively so far, and if it continues, we may expect it to rally to the orange target box above us.


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