$NEBIUS(NBIS)$ Bulls did their job. Price held above the Wave 1 high near $141, keeping the larger bullish structure intact. Now the focus shifts to follow-through. As long as buyers keep defending higher lows and momentum continues to build, the chart suggests Wave 5 could be underway. The long-term technical objective remains around $400 based on the current Elliott Wave structure. Wave 4 appears to have done exactly what corrections are supposed to do — shake out weak hands and excessive leverage before the next trend develops. Now it's up to the bulls to keep control.
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