I did initially expect markets to open higher this morning, but Asian session was a mess, which is fine - still goes to plan.
I believe that we are going to try to establish a trading range floor on NIO in the local range that has been consolidating. I believe a Wyckoff distribution pattern has developed.
You should be expecting a SHARP rally to break the $13.28 high into the 10AM trade hour, followed by price falling right through the trading zone floor we are establishing this morning with a double bottom to go into the first sign of weakness area.
I believe that we are going to try to establish a trading range floor on NIO in the local range that has been consolidating. I believe a Wyckoff distribution pattern has developed.
You should be expecting a SHARP rally to break the $13.28 high into the 10AM trade hour, followed by price falling right through the trading zone floor we are establishing this morning with a double bottom to go into the first sign of weakness area.
