Dear NIO Investors, I Come with Good News.
Apologies if the chart looks busy, but to fully explain my perspective, I need to highlight key patterns: Head and Shoulders, Fibonacci levels, RSI divergence, and projected price paths.
We can all see the massive green trendline that NIO has respected for years. Recently, there was a brief fake breakout, signaling that market whales are actively watching this stock. This move likely triggered stop losses, shaking out weak hands and grabbing liquidity—classic whale behavior.
Now, the direction is becoming clearer. Alongside the RSI divergence (marked by blue arrows), which is a strong bullish signal, I believe NIO is setting up for a major move. However, before that happens, we may see one final dip, potentially forming a triple bottom near $3.69 before a strong reversal.
Technical Analysis:
🔹 Head and Shoulders:
Typically, the price moves nearly the same distance from the head to the neckline before completing the pattern. This suggests further downside is possible, but confirmation is key.
🔹 Fibonacci Retracement:
When all three key Fibonacci levels are broken, price often retests the original Fib start point. However, markets don’t always behave perfectly—whales may step in earlier if demand rises.
Key Takeaways:
📌 $3.69 is a potential target, not a guarantee. If too many traders expect that level, whales may buy slightly higher or lower.
📌 Volume and price action are crucial. If buyers step in before reaching $3.69, the reversal may start sooner.
📌 External market conditions (EV sector news, macroeconomics) could impact this setup. Watch for catalysts.
Final Thoughts:
I know it has been years since I last posted, but nothing seemed significant enough to update—until now.
🚀 My strategy:
Consider scaling in gradually rather than waiting for an exact price.
If NIO dips before the rally, watch for strong buyer reaction before entering more aggressively.
This is not financial advice, just my perspective based on the charts. Stay smart, and trade wisely.
Apologies if the chart looks busy, but to fully explain my perspective, I need to highlight key patterns: Head and Shoulders, Fibonacci levels, RSI divergence, and projected price paths.
We can all see the massive green trendline that NIO has respected for years. Recently, there was a brief fake breakout, signaling that market whales are actively watching this stock. This move likely triggered stop losses, shaking out weak hands and grabbing liquidity—classic whale behavior.
Now, the direction is becoming clearer. Alongside the RSI divergence (marked by blue arrows), which is a strong bullish signal, I believe NIO is setting up for a major move. However, before that happens, we may see one final dip, potentially forming a triple bottom near $3.69 before a strong reversal.
Technical Analysis:
🔹 Head and Shoulders:
Typically, the price moves nearly the same distance from the head to the neckline before completing the pattern. This suggests further downside is possible, but confirmation is key.
🔹 Fibonacci Retracement:
When all three key Fibonacci levels are broken, price often retests the original Fib start point. However, markets don’t always behave perfectly—whales may step in earlier if demand rises.
Key Takeaways:
📌 $3.69 is a potential target, not a guarantee. If too many traders expect that level, whales may buy slightly higher or lower.
📌 Volume and price action are crucial. If buyers step in before reaching $3.69, the reversal may start sooner.
📌 External market conditions (EV sector news, macroeconomics) could impact this setup. Watch for catalysts.
Final Thoughts:
I know it has been years since I last posted, but nothing seemed significant enough to update—until now.
🚀 My strategy:
Consider scaling in gradually rather than waiting for an exact price.
If NIO dips before the rally, watch for strong buyer reaction before entering more aggressively.
This is not financial advice, just my perspective based on the charts. Stay smart, and trade wisely.
Note
Played as predicted (close to, would have loved to see that confirmation bounce off the green trendline). Set up nicely for a bullish movement. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.