$NIO TOP 20
Added 2023-05-28 19:34:46 +0000 UTCI have added in the subwaves here and I am being conservative here because I need to be mindful that whatever I chart for $NIO, people can take as gospel, so if I show Subwave 5 going all the way down to $5.30, people will wait for this price and possibly miss every opportunity, $5.30 is the ideal position for Wave 5 to complete but we know that the waves can finish between Fib levels, in zones, so the final target is not absolute, so do not plan for this.....this is why I have buy zones.
Elliott Wave theory works in waves, once this Wave 5 has completed 5 Subwaves, it is potentially done, Wave 5 commonly has ending diagonal counts in them too and we have seen them on many charts, where the 5 waves overlap each other.
So for now, we only have Subwave 1 potentially complete here, let's deal with Subwave 2 next, when I am happy that Subwave 2 is complete, I will have a better idea of Subwave 3.
The buy zone remains the target and managing your average in the buy zone is the ideal plan here.
DO NOT be greedy here, $NIO is a fantastic humbler, it will bring you down to earth very quickly, it has consistently caught many people out on its way down, buyers are waiting and there are a lot of them.
