Hey traders!
In 1D timeframe analysis of #NIO we saw correction which is seen in FIbonacci retracemen t.Its holding above 0.5 level.Volume is significantly lower compared with last 2 weeks which also supports healthy correction opposed to huge sellof .Descending triangle in "uptrend" probabilistically is Bullish!
I added Fibonacci extensions for my target price 84$
Caution: At this point NIO correction goes on for 22 days after record price of 67$.IF RED volume spikes with decreasing value below (53-54$) 0.5 Fib retracement level, downtrend will be imminent
In 1D timeframe analysis of #NIO we saw correction which is seen in FIbonacci retracemen t.Its holding above 0.5 level.Volume is significantly lower compared with last 2 weeks which also supports healthy correction opposed to huge sellof .Descending triangle in "uptrend" probabilistically is Bullish!
I added Fibonacci extensions for my target price 84$
Caution: At this point NIO correction goes on for 22 days after record price of 67$.IF RED volume spikes with decreasing value below (53-54$) 0.5 Fib retracement level, downtrend will be imminent
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.