NIOD trade ideas
NIO - the final correction unfoldsI believe it's a zigzag correction (it may also be a start of an impulse wave, but then the "3" wave seems weaker than the initial move downwards, so I stick with the zigzag).
Also, I think the orthodox end of the final bullish impulse pattern was on Feb 10 (a truncation of the final impulse wave).
$NIO Daily Cypher Another low conviction idea, I will look for same bullish price action here at the 786/886 box (fib extension) of NIO's Cypher pattern set up.
Price action= Pin bar, Engulfing Bar, Inside Bar. I will update my entry if i get there.
Aim for Tp 1 and got stop even, take 1/2 off, then aim tp 2.
For everyone that unfollows me for sharing free content in my last video, I will post a play in their honor. What a strange site, try to help folks with stuff that took me countless hours to learn and
perfect, ask for absolutely nothing in return, people leave. Yet many very talented traders come to me to learn.
NIO FALLING WEDGE (VERY BULLISH) LONG TERM IDEA $$$As shown on the weekly chart, NIO has been creating a falling wedge from its peak since a year ago, and I believe it is nearing maturity now, with the consistent level of support close below the resistance, indicating a significant accumulation zone before NIO breaks open. This is a long-term investment that will be extremely profitable for those who would like some good returns, however only buy once it has broken open and shown a positive price movement.
NIO AnalysisPrice played out well according to my last analysis. Right now, price has filled the fair value gap at 18.29. I'm expecting a bullish retracement within this POI. However, with the current macro environment, do wait for confirmations on a lower timeframe if you decide to enter this reversal. I will wait for the lows at 16.54 to be taken first and wait for confirmations.
