please dont take my opinion as financial advice i'm just a 17 year old with some speculations. with that being said let me explain myself. With the fed pausing still i believe we will keep rallying till we see our first cut once we get that first cut it'll be the market top. The fed has been sitting on their hands for way too long and with inflation sneaking...
First thing i want to say is we've had a crazy month and anything is possible so dont take any of my ideas as financial advice. im only 16 with 2 very crazy years of experience. 1. . My first idea, and the one I believe in the most, is that we will bounce up and test the 389.46 level, and with all of the events leading up to that and October being right around...
I believe we will see a short term bounce leading into our last week of September where we will start to pivot to the downside and ultimately make the final move to the downside $340-300
im new to to technical analysis but i see a ascending triangle with a scuffed cup and handle if we fail to break resistance here we will dump.
if you zoom out you will see the cup and handle that is forming and withing the past month we have been trading in this upwards trend if we can break the resistance at 27.50 Nio has possiblity to moon
First time doing any sort of technicals but i believe we have a falling wedge in this channel we're in now which will lead into a test of $25 Please leave any ideas below and any critism im open to learn