NIO Take Profits Positions
The following Take profit positions have been generated using the June 10th absolute high, mid level high and low level high, Based on the current fractal analysis, the trend has looked to reverse to bullish in the short. RSI also indicates a trend to the Overbought region above as it is above 0.5. Take profits if looking short. If looking long, take this with a pinch of salt.
First Take Profit Position - 6.53 range
Second TP position range - 6.7 range
Third range, in case bull continues - 6.9 range
First Take Profit Position - 6.53 range
Second TP position range - 6.7 range
Third range, in case bull continues - 6.9 range
Note
The concept used was not Fractals!! it was Parabolic SAR, Sorry for the error!!Note
Candle stick hit first Take Profit range of 6.53!!Note
Candle stick hit the 6.7 range!!Note
Candle stick has hit 6.9 Range and moving higher!!! Thank you all for those who took profits today!! It was great!!
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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.