Almost hit our target! Let's keep calm and follow the charts!
Ok, NIO did the correction to the 20ma as we expected. Now we have some important points to keep in mind.
If NIO loses the 35.70 then it might fall more, peharps to the 34.77. But since this is a bull trend, we are not working with this idea yet, and I rather prefer to wait for more confirmation.
But, in my opinion, NIO could accumulate more, and I'll be fine with it. Let it dance around the 20ma and the bollinger bands get tighter.
The 4h chart suggests more correction, but it is pretty close to our target at the 61.8% retracement now. We'll see how to proceed as NIO gives us more signs. Meanwhile, let's just watch closely! Our recent trades have been doing great so far, but let's remain calm and let the chart tell us what to do next, ok?
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
If NIO loses the 35.70 then it might fall more, peharps to the 34.77. But since this is a bull trend, we are not working with this idea yet, and I rather prefer to wait for more confirmation.
But, in my opinion, NIO could accumulate more, and I'll be fine with it. Let it dance around the 20ma and the bollinger bands get tighter.
The 4h chart suggests more correction, but it is pretty close to our target at the 61.8% retracement now. We'll see how to proceed as NIO gives us more signs. Meanwhile, let's just watch closely! Our recent trades have been doing great so far, but let's remain calm and let the chart tell us what to do next, ok?
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
