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$NIO 5 WAVES CONTINUATION PATTERN !!

After a first wyckoff spring failed trial, NIO is showing a 5 waves technical pattern that generally introduces a trend continuation. Wyckoff Spring is not over yet, we might expect a spring if the market's conditions are good next week.

For me this trade is worth trading with a nice risk/reward ratio with a stop-loss just under previous low and 55 simple moving average.

GO NIO !!!

Dagangan aktif
"Most continuation patterns are 5 waves" -Dr. David Paul on Nio, 19/02/2021

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