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
- 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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.