$NIO TOP 20
Added 2024-10-02 10:30:08 +0000 UTCThe very clear message here is: The pull back on Monday was not the ABC correction
If a new high is made today then we are still in the impulse wave
The ABC pull back is still next to come
There is momentum here and it's being lead by the stimulus euphoria
The extended Fibs for Wave 5 go as high as the blue line at $9.56, which was the high in Dec 2023
There is no certainty that the price will get this high but we are looking at the possibilities
I would like to see a rejection before the previous high today and get this pull back complete so we can comfortably move higher
My plan remains the same, I am enjoying the gains but I can't add until and ABC pull back takes place
That's it
No fomo, no chasing, strict on the strategy, focus on other opportunities in the meantime.
Comments
It definitely feels like we will break through previous high
Nick
2024-10-02 10:58:37 +0000 UTCYeah I think you’re correct
Nick
2024-10-02 10:56:13 +0000 UTCThis is not the primary wave 3 for NIO right? This is primary wave 1!?
Chris H
2024-10-02 10:36:56 +0000 UTCI might take a bit of profits here. Even though I said I wouldn’t touch this wave. This is a little too parabolic even for me
Chris H
2024-10-02 10:36:35 +0000 UTCVery clear!
Sofiane
2024-10-02 10:35:15 +0000 UTCwhat about taking profits here?
Friedrich
2024-10-02 10:33:01 +0000 UTC
