$NIO Triple dives, a repeat of 2020-2021. Bears in hibernation.
2033
During the first dive, volume is at its lowest. It dips slightly during the formation of the second dive in the middle, then gradually rises as the final shake-off takes shape, eventually reaching a high point.
Observe what's happening, a divergence between price and the On Balance Volume.
2020 // While the stock formed lower lows, the OBV stayed near the same level. During the first dive (part of a triple dive pattern), NIO’s On-Balance Volume kept declining until the second dive formed, after which it began to rise.
2025 // The OBV forms higher highs with each dive. While the price is making lower lows against a descending resistance line, the OBV is trending higher. Why is the price dropping when the OBV has reached the same level? I’m sensing a reversal is on the horizon.
The OBV is acting up.
What do you think? I'm very bullish.
交易進行
The OBV on the 3-day chart is already breaking out and forming higher lows.
交易結束:目標達成
Target not reached. Just a way that Tradingview processes updates.