The Long Investor

$NIO TOP 20 UPDATE

Added 2023-01-26 15:25:24 +0000 UTC

This is starting to sound like a broken record now. Another rejection trying to get into the channel and this time it hit the 0.65 Fib, from the last low to the previous high.

The question is, are you waiting for confirmation or are you jumping in?

One is sensible and the other is gambling. You may have bought and if it gets back into the channel, you will be happy that it happened but at the moment, you have a 50/50 chance ...if all things are equal.

Waiting for confirmation and it is 100% in your favour and you have the added benefit that if it doesn't get back into the channel, you have the possibility to buy it lower.