Likewise with $NIO, we are also seeing 5 waves in this impulse bounce after holding support on the very strong confluence level at $5.
We added at $5.20, so we are up nearly +20% since these buys last week, so we are off to a good start.
I don't want any parabolic moves now, we have the structure, I want that to be maintained, so if the price action can go to where I have set Subwave 5 over the next session or two, that is more than enough for me.....then I want to see a pull back in 3 waves and on this pull back, I will add again.
I have a lot of $NIO right now, one more buy and I will be even happier.
I think it is still too early to add the pull back levels right now but I will be watching this closely and as soon as I can do this accurately, I will upload a new chart.