trading a 3 drive pattern..!do you know how t trade a 3 drive pattern?
The three drives pattern is a reversal pattern characterized by a series of higher highs or lower lows. It has a bullish version and a bearish version.
NIO
Did exactly what should do. Now, what? 🤨Yes, NIO did everything we talked about yesterday, and it reached the 43s as expected. The resistance around the 38.2% retracement and the 20ma did hold the price pretty well, and today NIO couldn’t deal with it.
We lost the red line, and it already hit its target at the previous bottom, around 43.89. Now the RSI is oversold, and NIO is starting to get interesting again.
The problem is that NIO has a RSI divergence, and an advanced breakdown too. We lost the 20ma and the red line. This means that if NIO doesn’t react as quickly as possible, we’ll just drop to the 42 area again.
For now, it is not a buy, but we must stay alert here, because we might see a buy soon. :)
I’ll keep you guys informed!
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See you soon,
Melissa.
Let's see if NIO can rally to $51.NYSE:NIO
NIO's been in an ascending channel for the last month. It's currently testing the lower trendline. If it holds and we get upward movement, we can test $51 soon.
Things to look out for:
1. The MACD just crossed, so we will need to be mindful of this. We'll need to see a cross upward by EOD tomorrow.
2. RSI is pretty joocy right now in the 50s. If we can get it to move up while the MACD crosses, should be some confirmation.
Would love to see NIO stay in this ascending channel. If it continues and we pull back a bit from $51, we may be able to test $55 price action around Independence Day.
NIO is another stock putting a smile on our faces. NIOAnother patterned impulse formation here with regular higher highs after pivoting, as per Fibonacci guidelines. We are quite confident this one is going up further.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purples with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
We warned about the retracements! Now what's next? 🤔Ok, NIO hit the 61.8% retracement, and this is not a surprise for us, as we discussed about this possibility in our last analysis.
Today, it did a bullish harami outside the Bollinger bands, the RSI was around 30s, and just above the 61.8% retracement, a perfect indictor of a rally ahead. But the 20ma and the 38.2% retracement are resistances now, and we must be aware of this.
NIO did a nice hammer above the 20ma in the 4h chart, and above the red line too. We shouldn’t be worried, but if the 20ma/38.2% area hold NIO in the 30mins, then it can lose the hammer and the red line and do a pullback to the 43s again.
We have nothing to worry for now, but it is not because it is a bull trend, we shouldn’t stay alert.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO: Watch out for this dual-support level!Hello traders and investors! Let’s see how NIO is behaving today!
First, in the 1h chart, we have a dual-support level made by the purple trendline and the previous bottom at $ 45.07 (green line).
Since NIO is in a bull trend, the odds are that it’ll keep pushing up, and do new higher highs/lows. NIO hit all our targets recently, and now we have another one exactly at $ 50.40.
Now, we must be aware of this dual-support level, because if NIO loses it, then a pullback in the daily chart will be triggered.
A pullback in the daily chart would mean that NIO will seek its 21 ema next, around the $ 43 (our first target).
This scenario will materialize only if NIO loses its dual-support level, and maybe it’ll give another chance to buy at $ 43, but we can’t count too much on this.
I still see NIO at $ 50.40, although we might have some bumps along the way. Either way, let’s be careful, and if this analysis helped you, remember to follow me to keep in touch with my daily studies!
Thank you very much!
Watch these Fibonacci's Retracements! 👀Nio is doing amazingly well these days, but in the past two days we see a congestion, and now NIO finally hit the 38.2% retracement.
Nio must not trade below this level, or it’ll hit the 61.8% next, around 45.50. But if the retracement holds the price, then the 50 is the next stop!
We have a strong momentum here, and for now we must focus on the 38.2% retracement. If NIO corrects, the 20ma in the 4h chart is also a support.
All of this tells me that NIO is going to hit the 50s,even if it drops, as we have a lot of supports around.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO Bears comingI was bullish on NIO and we crossed an important resistance level. But everything is looking really weird, I'm out. I will get involved again at lower levels.
Chip shortage will help to push it down.
Day Trade Idea: NIOAscending Triangle on NIO, might run up in the morning. Don't forget to play with caution today because of quad witching.
PT 1: $47.80, PT 2: $48, PT 3: $48.25
Not Financial Advice just my personal opinion.
$TSLA as neutral as it gets*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Elon Musk: "Tesla has diamond hands"
$TSLA is one of the top most talked about and traded stocks right now. Its staggering growth within the past two years is evidence of its potential, but regardless $TSLA was long overdue for a correction at some point.
$TSLA now sits at $618.45 per share after correcting from its 52-week high of $900.4.
My team has analyzed the financial sheets of numerous companies, large and small, but only few have matched the absolute beauty that $TSLA really is behind the scenes. Not to mention the fact that $TSLA is so much further ahead with their electric vehicles and self-driving technology than the likes of competitors such as Ford, Toyota, GM, and even Nio.
My team is patiently waiting for $TSLA to breakout from the triangle on our chart.
We believe in our hearts that $TSLA will continue to be a dominant player in the market long-term, but sometimes believing just isn't enough. So for now we remain neutral on the sidelines.
Our patience will be rewarded...
If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NIO - New low or just small correction ?!
NIO - Made 5 waves up but it looks like this could actually be a wave C !
Therefore be very careful if you want to buy the pullback.
If price goes down to the orange zone in corrective fashion and we can distinguish a corrective pattern, we can look to buy the reversal out of that zone and even add on a new high.
BUT if that's not the case and we see relatively sharp moves down, we've most likely started a new impulsive move lower and can then expect new lows !
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else.
NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level.
This made the stock go up, along with the 20ma in the 4h chart:
Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence).
This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more.
All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO possibly starting its 5th wave advanceAfter a long sideway correction in WXY we could be seeing the start of an impulse 5th wave
Yes, it is dropping! For how long? 😮NIO lost the 46.26 as we expected it would yesterday, as I said in our analysis, with the confirmation of the divergence on the RSI. It also lost the 20ma and it dropped a lot today, more than 3%. This was not surprising at all for us, and I think we will have a trade here soon.
By losing the 45, NIO will do a pullback to the 43.50 at least, as the 4h chart suggests.
The 43.50 is around the 20ma, and we have a bearish divergence on the RSI in the 4h chart too. This increases the chances of a pullback, and I believe it can go even lower than the 43.50, if you look at the daily chart.
NIO just hit a resistance, and the RSI is higher than ever, similar to the time it was around the 65. Movement like this attract short sellers that are just going to short NIO, set a stop-loss at today’s high and a target at the 20ma. If it drops, great. If it goes up, ok, at least the stop was very tight.
So, we gotta be careful, and focus on our plans. If you ask me, this is a short trade, but I won’t do it for several reasons, mainly because there is better stuff around to trade.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa
Big Bull Run ExpectedI expect there to be a big bull run on NIO, as the 50 Day crosses over the 200 Day MA with a HUGE gap between the two.
Open to ideas!
$NIO Easy Channel Trading 6/15Hasn't been the hardest to trade bounce in this channel. It is currently being held up and its linear deviation (middle yellow line) This could be our nearest support if we end up bouncing today
Looking for a return to the 44.50 support. Where we hope to see our third and final bounce but we have already hit resistance multiple times.
A break of the channel support would have $NIO back down to the 42.50 level where I anticipate a bounce. Remember inflation news coming up soon could effect the market alot.
I will do a video update on this after hours
Watch out this support level on NIO! 👀We have a few things to keep in mind here:
First, it is a bullish momentum, and rn it is just dropping to the support at the 20ma/previous resistance at 46.26. Nothing amazing. But, if NIO loses both supports, it’ll trigger the advanced breakdown as the RSI suggests.
We have a small divergence in the 4h chart, just when we hit a resistance. Also, we went briefly outside the BB, but NIO managed to close inside the bands in the end, which is not a buy sign for sure.
You guys know that I’m out of NIO again, and I’m just waiting for another good opportunity around.
When I’ll trade it again? When it gets closer to a support level, that could be the 20ma or the 42 area.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO: Going to the $ 50s?Hello traders and investors! Let’s see how NIO is doing today!
First, Nio is clearly in a bull trend , doing higher highs/lows , and I see no weakness signs around, but it seems it wants to correct a little. Pullbacks to the 21 ema are expected, and not to be feared.
Now, let’s see the daily chart:
If NIO closes above the $ 46.28 it’ll defeat another resistance, and the $ 50.40 is the next target. If it closes below $ 46.28, probably it’ll do a correction, we just don’t know if it’ll be a time correction (sideways movement) or price correction (pullback to the 21 ema).
Here, we have no pullback or reversal sign around, but the $ 46.28 will be a key point for us in the short-term.
The volume looks good, and NIO looks quite strong. Even if it corrects again to the 21 ema or to the $ 43.13, I still see it at $ 50.40, unless we see a clear reversal sign around, which is different from pullback sign.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much!
Bull Trap or A Bullish rally?Once Upon a time, NIO was a money printer..! Hottest stocks in the market..!
I believe its best days have gone very on time ago..!
Do you think I'm crazy???
Review these analyses!
January 2nd, 2021: Detecting Top before it happened with the highest price date accuracy! (last Buy analysis)
January 30th, 2021: First Short analysis when it was 57
February 18th, 2021: Detecting EV Makers' crash when everyone else talks about NIO will be a 100-150 soon!
You calculate the odds:
Someone who calls himself a sniper trader published a chart 4 months ago. There are 10 stocks (EV makers) in that chart and predict a crash.
None of those stocks' price today is above that day..! and have never been..!
you do the math...!
I do analysis based on facts not my feelings..!
Moshkelgosha
