Hello There,

welcome to my new analysis of NBIS from a 4-hour timeframe perspective. In recent times, I spotted important setups in the stock market that are likely to turn into profitable trading opportunities in the upcoming times. One of them is NBIS. The stock recently completed a major formation, setting up the next wave expansions to follow through in the coming times.

Looking at my chart now, we can see that NBIS is trading within this prolonged ascending channel. Within this channel, it has strong support in the lower boundary, which it already bounced recently. Now it has continued to form this descending wedge formation and has already completed the wave count within the formation to follow through with the breakout above the upper boundary.

This now shows the final confirmation setup from where NBIS is likely to accelerate bullishness towards the upside in the upcoming times. The final target zone is as marked in my chart within the 385.50 level. Also, the bounce off the 200-EMA marked in green additionally confirms the breakout setup and the next bullish expansions to follow through in the upcoming times.

In this manner, thank you a lot for watching!
The support is highly appreciated.

VP