We know that NIO is in an overall bullish phase from the weekly trend line, in our daily trend line we enter a short bearish phase closing in on the weekly trend line. Once the phase reaches our weekly trend line, a buy position opens in our yellow rectangle box, but IT MUST break the box as well, for confirmation that a daily bullish trend has started.
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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.