$Navitas Semiconductor(NVTS.US) The fifth wave is ending, with a risk of peaking at 8.64.
Possibility 1:
After a standard pullback, the uptrend continues, possibly testing 7.23/6.8/6.3.
Possibility 2: Weak pullback + breaking structural support.
A flag breakout is a consolidation phase during the fifth wave uptrend, signaling a short-term breakout. However, the entire uptrend is the final segment of the fifth wave, indicating the mid-term trend may peak.
For short-term traders, focus on the uptrend formed by the flag breakout, taking quick profits above the 8.6 zone.
For swing traders, wait for the ABC correction wave to find new opportunities.
Of course, all analysis is based on historical probabilities—everything depends on the market open.
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