Apr. 24 at 2:43 PM
$NRGV on my radar 👀
Sharing my long-term structure view here—this is more of a scenario map than a short-term call. Price action still looks like it could be working through a larger corrective structure.
From a technical standpoint, I’m watching for a potential Wave B-type bounce first, which could reset sentiment and create liquidity. After that, a final leg lower would still be possible, with downside zones aligning around the 200 WMA or the 0.786 Fib area depending on how momentum unfolds.
Only if that full structure completes would I even consider the broader bullish extension case (Wave 3 projection). Until then, it’s all about patience and reaction at key levels, not prediction.
👉If this is helpful to you, tap @VIXHunter0
