Apr 18: a bottom is likely

Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the reversal in HSI (Hang Seng) index.

Yorum:

The drop on Apr 22 touches the 0.618 extension for wave C and perfectly bounced strong with a long bullish candle. Another clue that it has reversed, just like the HSI today. I would open a long position here with a tight stop at the Apr 22 low. Fantastic RR here.

Yorum:

NIO has broken out of the red declining line, retested it and is ready to fly