Nio Accumulation pattern

Mar 15

Nio USD looks to be in an accumulation pattern. Jump over creek in play right now. Next HTF expectation mapped on chart.

Mar 26

Trade active

Whipsaw along the way. Sticking with my plan. Looking at reaching $6 before june/july.

Mar 29

Note

NIO is either entering a spring phase here, or this idea is wrong. We will know in a couple of weeks.

Jul 23

Note

Spring phase it was. Now looking for price action between current price and $4 area as consolidation. After that, lift-off IMHO.

Aug 19

Note

NIO still playing ball here. Volume also increased nicely which is something you'd like to see during SOS-phase. I don't know how much sorcery and traps are going to be set here. But I would ignore them all for now. Just waiting for a break-out upwards.

Oct 2

Trade closed: target reached

That played-out very nicely. This has been a very nice play, such a shame that I din't see the spring-phase coming since I expected it to be a milder version with LPS-phase. But OK... we remained calm and sticked to the plan.

Closing this trade idea here, I took a big chunk out and letting the remaining run for the unforeseeable future.