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TiagoAprigio

Is there a reversal pattern on NIO?

Short
NIO Inc. (NYSE:NIO)  
TiagoAprigio  
NYSE:NIO   NIO Inc.
Trend Analysis Chart Patterns
3
1
trendanalysis chartpattern
NIO seems to be forming an head and shoulders pattern that can mean a trend reversal and consequent price adjustment.

The right shoulder is yet not quite formed but it seems to be heading that way.

Should this be confirmed we can see us testing support at $12 or even $11
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