NEAR spiked to $2.15 on August 22 and collapsed to $1.63 the very same day, and has since drifted back down to around $1.81 as that volatility settled.
Seven separate half-year and one-year average price lines bunch together at $1.79-$1.80, and the level giving back half of August's rally sits right on top of them.
Losing that stacked support and slipping under $1.74 would break the starting point of the entire August advance, which is exactly why the stop sits just below it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
