$NIO TOP 20
Added 2024-11-13 10:48:48 +0000 UTCThere is very little difference where the 1.618 Fib is calculated to if there is a pull back to the 0.618 Fib, the 0.78 Fib or the 0.887 Fib.....the 1.618 Fib will still be calculated to around $11
It is calculated by taking the start of Wave 1, to the top of Wave 1 and then to the bottom of Wave 2.....so it is effectively 161% of the length of Wave 1.
All we need to see is $NIO finding support above a higher low.
I would like to see $NIO already at the RSI 30 but it is currently at 38, so we can't say yet that the higher low is in yet.
Holding strong.
Comments
A comparison with XPEV would be a lot appreciated Cap, so that a lot of us I think would know where to spend energies in the shorter term… even though Nio is more popular here and I have myself a bigger position than XPEV
Federico Salerno
2024-11-13 10:52:43 +0000 UTC
