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NIO Inc.
Long
Updated

$NIO Fibonacci Analysis. Reversal is coming.

140
Placing the fib-retracement tool on the top of the chart and the recent bottom, I see that many level coincide with the support and resistance areas on NIO's chart.

Short-term, I see NIO breaking out of this falling wedge:

snapshot

It takes ~140 days for the third dive to play out. (Inverse H&S pattern, IMO).

snapshot

See my previous post for a more in-depth explanation:

$NIO Triple dives, a repeat of 2020-2021. Bears in hibernation.
Trade active
Please see it withing this larger context of China equities.

MCHI:

snapshot

CN50:

snapshot

KWEB:

snapshot

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CapitalintheCity
Chart PatternschinaTechnical IndicatorsNIOTrend Analysis

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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.
Chart PatternschinaTechnical IndicatorsNIOTrend Analysis
CapitalintheCity

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.