NIO - Buy at LL - TradePlan

٣ ديسمبر ٢٠٢١

Based on the Bat pattern, resistance and trendline, it seems that bulls will soon take the chargeback at 34.04 level, and a trend reversal is possible.

Bullish Indications
1. Possible Reversal at 34.87 - Bat Pattern
2. Resistance at 33.31
3. Nature, Time Cycles: Since Nov'20,
it always comes to the support level @ 33.69
and bounces back. The same behavior is expected this time as well.

Bearish Indications
1. Lower highs and lower lows
2. Three black crows

Biased: Long after next LL

Plan A: Buy
Buy at LL: 34.04
SL: 31.19
TP1: 40.13
TP2: 42.72
TP3: 46.00

Plan B: Sell
Sell at 36.41
SL at HL 39.50
TP1: 33.50
TP2: 31.19