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NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart: • Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop; • If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line; • Either way, NIO looks promising. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
ETSY- Flag formationETSY has been trading above it's 200 day MA since 10 Nov22 and a Golden Cross since 30 Nov22. The trend is still up despite the steep pullbacks that this stock is prone to. At the moment we are seeing yet another "flag" formation, the next buy will be triggered should it start to break above this flag (124-127 depending on when the breakup occur, if it happens). So let's see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ETSYLong
by Juliac
USDCNH [60] Momentum HeadfakeJan 10th, 12:00PM PST We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
Short
by ParametricTrading
EURUSD > Possible Flag, for A Trend Continuation Buy Entry!Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD this is a sample follow-up on my previous EURUSD Idea as you can see I am expecting the market to test the previous structure resistance which now turned to support level if the market will make a test to this area it will form a trend continuation patterns which, a flag pattern, will be completed near the key market level at 1.0700 I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
17
Overall analysis of GBPJPY for January 2023 Hey everyone! Welcome to my first analysis posted publicly, it consist on a bullish setup on gbpjpy based on several factors that i will enounce below On the daily time frame: 1)S/R analysis : Price bounced strongly on the demand zone (154-156 lvl) which is an historical key level as it was tested as support/resistance several time during the year 2022 and 2021. And there is no major resistance until 168 lvl 2)candlestick analysis : price formed a doji when testing the support then formed a bullish engulfing which is a sign of trend reversal 3)trading indicator : RSI formed a doble bottom On the 1H timeframe: 1)Highs and lows method : trend turned bullish 2)patterns : At first we could see price forming a V shape and buyers was successful to reach higher levels, that confirmed a trend reversal. Now the price formed a flag pattern which is a trend continuation pattern with a pretty high winning rate when used correctly based on this, here is a great opportunity to buy the GBPJPY and aiming for 164.000 lvl as first target and 168.000 as second target Personally i would wait for a 1h candle to break the triangle before opening my position, as it would ensure me an entry at the right time when momentum is rising. Give a thumbs up if you agree Have a great week I wish you luck, and see you soon !!
Long
by Thomas_Zito
3
Dow Jones analysis... #us30hello guys... who trades Dow Jones? lucky you :) us30 hunted the last higher high very well and confirmed it was just a hunt, not a breaking out! (just check the weekly time frame) so you can get a short position on Dow Jones. the first target is $32400 and the second one is $30500 in the range between $30500-$29700, we should be waiting for a long position... I'll update this analysis later... always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
U
by melikatrader94
17
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post); • Now, NIO hit a support level, the 21 ema in the daily chart; • Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance; • Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully; • On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5; • Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2