munyaelliott
Short

NIO 1-HOUR TIMEFRAME SHORT

NYSE:NIO   NIO INC
The price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should be a key driver for this short trade as the momentum is clearly to the downside.
great job, predicting the market you will get burned, play the trend
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munyaelliott detroit313
@detroit313, It worked up to a point. You know you can't blame the markets if you don't take profits in time
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detroit313 munyaelliott
@munyaelliott, your right ill give you credit it was 50/50 but hey you got it. good job.gonna check out your charts more often
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munyaelliott detroit313
@detroit313, Great happy to have you on board!
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working out nicely!
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@cgd, Thanks, happy it is
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