$IQ
Added 2024-10-22 18:51:57 +0000 UTCIronically, this is exactly how we want $NIO to behave and it is showing signs of following.
$IQ retested the 0.618 Fib and over shot it slightly below the 50 Day MA which was also at the confluence level on the 0.618 fib at $2.46
Price has regained this level and has jumped aggressively now and up nearly +9% today.
I have added in the impulse wave to show where Wave 3 is, as always it is at the 1.618 Fib at $4.65
Once $IQ can continue to hold here and continue to move in this impulse manner, then I expect Wave 3 next.
