NIO has just broken the FIB RET 0.618, If it will be a true breakout and break the purple cluster again it will be a great entry point for making profits.
Chart is talking itself. Now, we have witnessed a breakout, if it isn't fake and comes along with a pullback, it would go long to its 0.618 Fib RET.
Big buy position after breaking through the Fibonacci RETRACEMENT and pricing cluster with considering of SL and you can maximize you profit by trailing.
Hello traders, as i posted an idea about this xabcd pattern , now that pattern is finished . our targets will be 38.2%, 61.8 find your entry setup and make some money Make sure the reversal is happening dont rush your entry Good Luck
R1 level and previous resistance confluence at 1.114. First target 1.047 - previous bottom, could create first wave after correction and continue either to fall till 1.005(fibo ret and s1) or bounce of it till 1.072 and then fall to second target 1.005. Wait for price action to confirm this move for lower risk.