Inverted H&S breakout after a downtrend. Look good for a positional trade. Levels mentioned in the chart.
The Inverse Head-And-Shoulder pattern is an example of a bullish reversal pattern.The inverse head-and-shoulder pattern often shows up at the bottom of a move in the market.
$nio chart is looking interesting with the symmetrical triangle formation, a close above 48.5 can lead to a breakout.
Also, Nio day is near on 9th Jan, an annual event for the company to make major announcements for products or services. Will it lead the rally to ATH?
Buy above 970 given breakout with volume , have mentioned the fibo levels in the chart . The trend line will act as support support and can be bough in dips.
Have added at these levels , we should see the long pending move now