Bear Flag Forming - 1HR Time Frame
NIO is forming a bear flag on the daily time frame. Solid support at $8.88(also the 50 moving average), but once support is broken it becomes resistance. If NIO doesn't hold $8.48 to fill the gap.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.