Pay attention to the recent OBV structure (blue). Declining and forming a flat bottom.
The volume in pink displays the same characteristics during each stage of the Inverse H&S pattern: forming an initial peak during the left shoulder, a higher one during the formation of the head (although the head of the current pattern is accompanied by lower volume, but I have an explanation for it), and then peaking during the formation of the second touch of the base, at the start of the right shoulder. Finally, the volume dives along with the last peak of the structure before leaving the pattern altogether.
Additionally, notice how the Weinstein 30-week indicator is finding a bottom here.
During the 'head' or second dip, NIO's price declined on lower volume than in 2019. I can see it as a change of character. It looks like NIO didn't take this dip seriously this time.
The volume in pink displays the same characteristics during each stage of the Inverse H&S pattern: forming an initial peak during the left shoulder, a higher one during the formation of the head (although the head of the current pattern is accompanied by lower volume, but I have an explanation for it), and then peaking during the formation of the second touch of the base, at the start of the right shoulder. Finally, the volume dives along with the last peak of the structure before leaving the pattern altogether.
Additionally, notice how the Weinstein 30-week indicator is finding a bottom here.
During the 'head' or second dip, NIO's price declined on lower volume than in 2019. I can see it as a change of character. It looks like NIO didn't take this dip seriously this time.
Trade aktif
Current pattern, look at the OBV:Trading ditutup: target tercapai
Trade not closed, just updating*
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.