I have been monitoring NIO for a while now.. and I just can`t decide what is happening :) There are so many possibilities @ the moment:
1: We have just finished the ABC correction for the first wave up ?
2: We are creating the 4th wave down in 1-2-3-4-5 ?
3: We have a clear H&S pattern - so the trend could continue downwards ?
For me it`s not a buy or sell @ the moment.. it`s make it or break it phase!
If You forget all the weekly delivery numbers and all the other shit what`s going on with NIO and look at the chart only from technical perspective then this is what I see. Kind a confused.. others are saying that buy and forget it.. but You can`t forget that we have been lower.. So it`s up 2 You!
Good luck to everyone & happy coming holiday`s to everybody :)
Trade active
It`s just my point of view :)
Trade closed: target reached
Let`s hope that ~4.40 is holding up! It has already like 5 touches and every time it jumps up from this point.
We have 2 possible scenarios here developing:
1: Price goes to ~5 and then drops or..
2: We will drop straight to ~3.5 and then shoot up
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