$NIO TOP 20
Added 2024-09-27 10:27:56 +0000 UTCI really like how this is shaping up
Not just because we have a clear impulse wave and the chart has moved as expected but also there is no surprises here, no extensions and moving well controlled.
But in addition, I have added in the pull back levels now and look where they are aligning....
The 0.38 Fib aligns perfectly with the 200 Day MA and the blue line at $5.30
and the 0.618 Fib is aligning with the 50 Day MA.
As we know, a pull back moves in 3 waves, so Wave C finishing in between the 0.5 - 0.618 Fib is our area to buy BUT it needs to hold here, this is so crucial now.
Comments
Do we think current sentiment will drive this up to the top of the buy zone at $7s
Karl
2024-09-27 16:31:11 +0000 UTC
