$NIO TOP 20
Added 2024-10-21 11:19:17 +0000 UTC$NIO is -2% in the PM now after the some red from the HSI but still holding on the crucial support area and has not made a lower low below $5.05 which was made on Thursday.
We want to see strength above this level and if there is consolidation along this level for a week or longer, that does not concern me.
A hold above $5 and this would signal that Wave 2 is complete and next would be Wave 3, as always the target for Wave 3 is the 1.618 Fib and that is at $11.80 as shown.
