Nio in Head & Shoulder Pattern Short

NIO Inc.NYSE

Description

⋅ Feb 23, 2021 7:51 AM

NIO shows Head & Shoulder Pattern .. the size of movement around 9 $ or 16 % from the neckline ... it shows the end of the pattern equal to a historical support line near 46 $

Trend Analysis

Comments

Godieboy

⋅ Feb 23, 2021 6:12 PM

great analysis, thaanks

alasfoor

⋅ Feb 24, 2021 3:23 AM

@Godieboy, thanks

yupyupyup

⋅ Feb 23, 2021 4:55 PM

A beautiful trade. Congrats!

alasfoor

⋅ Feb 24, 2021 3:23 AM

@yupyupyup, thanks

kamileo

⋅ Feb 23, 2021 8:04 AM

Not really IMO. In this pattern we want the head to be at the highest point. But... Hard to not agree that it starts to look bearish anyway.

alasfoor

⋅ Feb 23, 2021 8:17 AM

@kmachalica1, thanks for your comment ...

schneidtmanuel

⋅ Feb 23, 2021 11:42 AM

Seems like the bubble is bursting