Very strong run leading to the end of 2023 and has held the 0.38 Fib remarkably well and it was tested 5 times (sounds like $NIO at $7) so that is why this has moved higher as the Bulls continued to defend the important level which is also a Wave 4 Fib support level.....as I have discussed in all charts today.
Came very close to making a new high last week and once that is done, it should continue moving higher to our Wave 5 target, the green Fib levels are the potential levels it can run to.