$NIO
Added 2024-09-30 13:57:04 +0000 UTC$NIO without EWT.
Looking like a simple test of the green channel top line now today, yes it looks extended but not looking absurdly out of place, $NIO fans have pumped and chased this many times in the past....look at July 2023, that was a lot more extreme than what we are seeing now but remember how that move unfolded
I remember very well the ANGER of people who were worried that a pull back wouldn't come or that they missed loading at lower levels, people were not happy....but they got their opportunity.
So let's not see a repeat of that scenario, we want a pull back in a controlled manner, if there is a parabolic move higher today, I would get concerned.
Comments
Such excellent graph. Thanks
Alex
2024-09-30 19:29:46 +0000 UTCSorry I didnt explain quite well my question: I mean, maybe it is not the right place to ask, but what are the conditions for a new channel to form? Is it important to recognize a new one if it’s forming?
Federico Salerno
2024-09-30 14:32:57 +0000 UTCNot confirmed outside yet, there is a lot of resistance here
Gareth Neary
2024-09-30 14:05:12 +0000 UTCHow could we identify the formation of a new channel? It looks very obvious the descending one once it’s drawn, but since it’s now going up and potentially staying outside, I guess sooner or later a new one should be formed…?
Federico Salerno
2024-09-30 14:02:28 +0000 UTC
