NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share.
The MACD indicator is right now pointing upwards, which means that the two lines that...
Does anyone else see this playing out? This would signal a retracement down to around 52-49k, before heading up to form a higher high.
Then we head up to 91k, before a quick retracement and up to 125k, before the next big correction.
Trend has broken on this current impulse, and we're not seeing it close over 61,970.
My friend's 4 year old said this chart is...
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- Down-trend is broken;
- Big spike in volume.
Simple & easy trade set up - stop-loss just below the trend line :)
"Observe patterns, develop a process, hold on to your decisions".
Market structure was broken yesterday on the daily time frame. It is clear on the 4 hour time frame to see a double top formation at the 1.127 level. We saw the pair plummet down to the 1.122 which is a well respected support and resistance zone. A clear break straight through this level and retest has now occurred. Take profit set at the 1.112 level which is a...
easy to spot the broken market structure, stop is safe back inside the formation and entry is optimal with the .705 fib lining up perfectly with the liquidity zone.
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Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)