Page 2 | Trapzone — Trading Ideas on TradingView

NIO: Inside a dangerous "Trap Zone"!Hello traders and investors! Let’s see how NIO is doing today! First, in the 1h chart, we have higher highs/lows, and the price is trading above the 21 ema, a clear trait of a short-term bull trend . In order to keep going up, it must defeat its first challenge, at $ 46.28, which is the next pivot point . We can say that NIO is inside the famous “ Trap Zone ”, between the ascending 21 ema and the previous resistance at the black line. The 21 ema is squeezing the price in a tighter area as time passes, and at one point, NIO will be forced to do a breakout. The question is, to what direction? In the 1h chart an upwards breakout seems more plausible, as we have an open gap (yellow area), and the next target would be the $ 50.40. But we must be aware of the daily chart: The problem is, the $ 46.28 is not only a pivot point in the 1h chart, but it is near the 21 ema in the daily chart, and the trend is still bearish in this timeframe. If we have enough bearish patterns around this resistance zone, NIO could easily drop again to the $ 38 area. The volume decreased in the past few days, indicating that the players are waiting for more signals here, before jumping into any conclusion. For now, we must watch NIO closely and see how it’ll behave after a breakout from this Trap Zone. And remember to follow me to keep in touch with my daily updates and studies on stocks! And if this idea helped you to see something new in this chart, please, support it with your like ! Thank you very much.

TSLA: Next scenarios to work with!Hello traders and investors! Let’s see how TSLA is doing today! It’s been sometime since my last analysis about it, but I’ll update you guys today. First, in the 1h chart, Tesla is inside what I like to call “ Trap Zone ”, between the resistance level at $ 718 and the ascending 21 ema. This zone is getting tighter as time passes, and at some point, Tesla must do a breakout, the question is if it’ll be up or downwards. All lines in this chart have a meaning. If Tesla breaks downwards, then the $ 620 is the next target. If Tesla breaks upwards, then it has some resistances on its way, the first is the previous top at $ 745, and it has a gap to fill at $ 777. The purple trendline also could work as a resistance next. Tesla did a false breakout from the support at $ 610, and now it is bouncing back up. In the daily chart we see that the $ 718 is also a Pivot Point , and if Tesla defeats it, the daily chart suggests that it’ll retest the $ 821 next. What’s more, it seems the 21 ema is holding the price, and we’ll know for how long it’ll hold Tesla soon, thanks to the Trap Zone in the 1h chart, which brings a sense of urgency on Tesla. Let’s proceed carefully on Tesla from now on, as it is very volatile and sensitive to the market’s mood. And if you want to keep in touch with my daily studies, remember to follow me , and please, support this idea if it helped! Thank you very much. Have a nice weekend.

NIO: Bullish signs above a Dual-Support level!Hello traders and investors! Let’s see how NIO is doing today! First, in the hourly chart NIO is forming a bottom near the $ 57.20, which is a support level. Also, the stock is inside what we call “ Trap Zone ”, between the 21 ema and the support level at the $ 57.20, and the price is supposed to move erratically when trading in this tight range. Usually, when the price escapes from a Trap Zone, we see a good explosion, the question is to which direction the price will explode. If NIO explodes downwards, it can easily seek for the $ 50.50, helped by the gaps (yellow rectangles), which work as magnets when the price is trending. On the other hand, if the support level holds NIO, and if it trades above the 21 ema again, then the $ 66.75 is the next target. Let’s see the daily chart now: The bias is clearly bullish, and the drop seen in the past few days was just a pullback, given the low volume , indicating that this is not a real sell-off. So far, today’s candlestick is bullish, and this could be a buy sign for many who are out of NIO. So, we have a pullback to the $ 57.20, the 21 ema is quite close to the price now too, so we are sitting above a very strong dual-support level. If NIO keeps this way, it’ll be a fantastic sign. The final confirmation that the bull will resume is if NIO defeats the $ 60.08, which is a key point in the hourly chart. So far, NIO is reacting very well, and if you liked this analysis remember to support it ! And follow me to keep in touch with my analyses. You can check my previous NIO analysis in the link below. Thank you very much.