NIO Inc.
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Update on NIO, a new low for the flag pattern

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Two weeks ago, we made a post about the current situation on NIO where we were observing a clear corrective structure.


- The situation we are currently in, stills the same; however, the sideways movement we were observing made a new low, and we need to recalculate the structure

- Our Previous entry-level was not executed (that's the main reason why it is so important to always trade above B as a breakout trader)

- Now, we will keep working with the previous entry-level, and we will set our stop below the new low "C."

- The Risk-Reward ratio we have with this new setup is around 1.6

-Conclusion: The setup stills active, and we need to pay attention to new lows. We will not develop any setup here if the risk-reward ratio towards the Final target is less than 1.5

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.