Higher high today and pushing towards the 2 Fib and the gap fill area.
Momentum is behind this and the market is certainly aware of this gap fill up to $10.30.
The price action only pulled back -4% yester but recovered very well throughout the day, showing that bulls continued to step in
I would be reluctant to start any position here while Wave 5 is closing in.
The main observation here is that I am seeing $NIO move in an impulse wave and making higher highs and higher lows, the price is also doing well to stay above the 200 Day MA on the daily chart, so these are all positive signs of a reversal.
SR
2023-12-28 16:04:50 +0000 UTCSteven
2023-12-28 16:04:02 +0000 UTC