We are looking at NIO right now.
We have a valid break of structure on the weekly timeframe. Price has retraced back into the demand zone just below the low made after the Change of Character. We are seeing a reaction from the GAP right below the CHoCH low.
We have zoomed into the 1hr timeframe, and seeing a bullish structural setup being created. We are waiting for the BOS (Break of Structure to happen, to confirm bullish sentiment. Followed by a retracement back into the low of the CHoCH and reaction to the order block below it.
If these structural elements are confirmed, there is a solid chance that NIO is looking for a push to the upside at $16.
I would definitely keep an eye out for NIO maybe a 2-3 month expiration call option play with a strike around $15 to give you that ITM premium once price pushes above it.
Keep your eyes on NIO in the short term.
We have a valid break of structure on the weekly timeframe. Price has retraced back into the demand zone just below the low made after the Change of Character. We are seeing a reaction from the GAP right below the CHoCH low.
We have zoomed into the 1hr timeframe, and seeing a bullish structural setup being created. We are waiting for the BOS (Break of Structure to happen, to confirm bullish sentiment. Followed by a retracement back into the low of the CHoCH and reaction to the order block below it.
If these structural elements are confirmed, there is a solid chance that NIO is looking for a push to the upside at $16.
I would definitely keep an eye out for NIO maybe a 2-3 month expiration call option play with a strike around $15 to give you that ITM premium once price pushes above it.
Keep your eyes on NIO in the short term.
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.
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.