$NIO TOP 20
Added 2024-09-16 23:00:07 +0000 UTCNice pull back today giving us more information
We can eliminate the running flat formation we spoke about in Saturdays lesson under the $NIO chart and we are down to the running flat option or the triangle formation option for this Wave 4.
A pull back to the 0.38 Fib at $4.89 will just give us a standard zig zag pull back that we are used to seeing on charts in Wave 4.
Whatever formation this is in, in a potential Wave 4 is immaterial, we just need it to be Wave 4 to confirm an impulse wave which is vital to confirming that the worst is behind $NIO.
But it is a great opportunity to discuss this to expand our EWT knowledge.
Comments
Cap…we touched 5.01 this morning! There was a spike down…pls check…is this counting for the EW type you were keeping up in the weekend? as the region touched was under fib 0.236…now we can run correspondingly keeping the map validated and together with the Onvo launch news we can go over 5th wave….we are staying right up over the 200day ma which is 5.39
WallyN 🇷🇴
2024-09-17 07:22:54 +0000 UTCYou were considering buying. I assume you have not yet and you are waiting for Wave 2?
Thomas
2024-09-17 07:17:46 +0000 UTC
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