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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.