$NIO Fibonacci Analysis. Reversal is coming.

20 ก.พ.

Placing the fib-retracement tool on the top of the chart and the recent bottom, I see that many level coincide with the support and resistance areas on NIO's chart.

Short-term, I see NIO breaking out of this falling wedge:



It takes ~140 days for the third dive to play out. (Inverse H&S pattern, IMO).



See my previous post for a more in-depth explanation:

20 ก.พ.

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Please see it withing this larger context of China equities.

MCHI:



CN50:



KWEB: