$NIO TOP 20 UPDATE
Added 2023-01-11 11:23:47 +0000 UTCThis is not the main chart, this is just to look at the formations to help people today because I know this is popular. The main chart still has all the counts on it and I am still leaning towards the bear case.
A tight ascending wedge (bearish) has formed now after 2 weeks of a lot of volatility, attempting to test a bear flag.
High volatility, bearish wedge attempting to break into a bear flag is difficult for me to turn around and say I am bullish here, especially when it looks like a Wave 2. corrective.
I have been fascinated reading peoples thoughts lately on this and I am learning more about human behaviour because of this.
Comments
Yep, there are three options here I feel, 1) if it gets rejected, then we buy at new lows 2) if it gets back into the channel and finds support, we rebuy with minimum loss or 3) Use the money to buy $TSLA when it hits our buy target. There is always a strategy that works.
Gareth Neary
2023-01-11 11:36:30 +0000 UTCIndeed, Tim I'm really enjoying your progress! keep it up!
Gareth Neary
2023-01-11 11:33:48 +0000 UTCThank you for the update. Trusting the process and sitting on my hands.
BHelmsUNC
2023-01-11 11:29:04 +0000 UTCMany thanks for your guidance for our baby Nio - especially in these crucial days. Much appreciated π
Bjoern Szymkowiak
2023-01-11 11:28:05 +0000 UTCForming a potential H&S top look too
TommyJR
2023-01-11 11:25:38 +0000 UTC
