this is the result of my analysis about the 13min chart possible price actoin develepement. Just an idea, nothing seriouse ;) worth to monitor this is das Ergbenis meiner Analyse über den 13 min Charts mögliche Preisentwicklung. Nur eine idee, nichts gravierendes ;) Wert, im Auge zu behalten
We can see a clear rejection on the 1W chart for NIO. On the 4H, NIO has just choched. Stoploss should be placed below the order block, aiming for the last top.
the price will try to get some of down again then should be get upward again due to at there we have strong support line at 14450 so if break it will drop more if not again will try to get upward.
through validation line. Looks we started wave 5. Bear market full intact. More discount here to expect.
If this is to play out as an ABC we would probably end up @ the same place of an WXY the only big difference is the internal interpretation of different Elliottions of how to count the smaller degree waves.
1/ Previous low 2/ Down trend line. 3/Intersection of 2 resistances
after fake market met ICEBERG it needed some time to stay above water..., someone could escape, someone not. i warned you all.
as you see un my chart dowjones still in up trend channel dow up up up
Put a short sell and never forget to protect your account (SL)