Apr 18: a bottom is likely

2024年4月18日

Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the reversal in HSI (Hang Seng) index.

2024年4月24日

註釋

The drop on Apr 22 touches the 0.618 extension for wave C and perfectly bounced strong with a long bullish candle. Another clue that it has reversed, just like the HSI today. I would open a long position here with a tight stop at the Apr 22 low. Fantastic RR here.

2024年4月30日

註釋

NIO has broken out of the red declining line, retested it and is ready to fly