NBIS: All Time Highs or Still Correcting?Nebius Group N.V. Class ANASDAQ:NBISCryptoKneeNBIS Weekend Watchlist Why this read is tricky NBIS has a strong looking move off the lows, but the internal structure is not perfectly clean yet. On log scale, the bigger move can still support a bullish interpretation, but the overlap inside the advance keeps me cautious about forcing a clean wave 3 label too early. Current Read Bulls still have control as long as the higher high and higher low structure keeps holding. The chart has been breaking above prior resistance and flipping those areas into support, which is exactly what you want to see in an uptrend. The main question now is whether the move on the right side becomes a clean impulse through 233, or whether this turns into a larger corrective structure. Structure From the 233 area, I can count a clean zigzag move down. That gives us two main paths from here. The bullish path is that price completes a clean impulse to the upside, takes out 233, and then pulls back internally for another continuation setup. In that case, a future retrace toward the 204 area could become important for another possible long setup. The more cautious path is that the current move up is only a zigzag. If that is the case, then breaking 204 would make me start looking for a larger sideways correction or flat style structure. Key Levels • 233 = upside level bulls need to break for the more impulsive look • 204 = main level I am watching for the current structure • 170 = major lower support if the correction starts to open up Bullish Path If NBIS holds structure and breaks 233 first, I would lean more toward the bullish and impulsive interpretation. That would keep the idea alive that this chart is still stair stepping higher, and I would then be watching the next pullback for a possible continuation setup instead of assuming the top is already in. Bearish Path If NBIS breaks 204 first, especially with impulsive downside, I would start leaning more toward the corrective side. At that point, the zigzag down and zigzag up would make a sideways correction or flat scenario more likely. If things really start falling apart, 170 becomes the next major area I would be watching for support. Final Thoughts NBIS still has a solid uptrend structure, but this is not a spot where I want to guess. For me, 233 and 204 are the important decision levels. Break 233 first, and bulls keep the better looking setup. Break 204 first, and I start respecting the correction side a lot more. Trade safe. Trade clarity.