$NIO TOP 20 UPDATE
Added 2023-04-12 15:30:05 +0000 UTCThe only difference between $NIO and $TSLA here is that I can comfortably see 3 waves in the Subwave 2 count and this is not as clear with $TSLA but it possibly is on a smaller time scale.
So I would be happy to consider that Subwave 2 is complete and once this goes below the previous low, where I have drawn a short yellow line at $8.76, this confirms that we are in Subwave 3.
There was no doubt here that yesterdays pump was not to be taken seriously.
Comments
Love this approach!
Gareth Neary
2023-04-12 20:03:52 +0000 UTCFor me it is looking like… A of wave 2 was hovering 9.02-9.12 range, then, it has jumped up to 9.77 which is fib 0.5 as B….Most of the time, I could determine the waves but for this time, it is very difficult. And I am sorry if this is not a question I have asked here.
KEI
2023-04-12 19:56:26 +0000 UTCNo sorry required. I'm learning and you corrected me so I can learn. Thank you Gar.
Oba
2023-04-12 19:45:56 +0000 UTCSubwave 1 will have 5 waves in it Subwave 2 will have 3 waves in it (ABC) Subwave 3 will have 5 waves in it Subwave 4 will have 3 waves in it (ABC) Subwave 5 will have 5 waves in it. So far, I believe we have complete Subwaves 1 and 2. We are in wave 1 of subwave 3 now.
Gareth Neary
2023-04-12 19:41:14 +0000 UTCThis is correct, there is an ABC three wave count between Waves 1 and 2.....in a downtrend, in Wave 5 now we are in, this will have 5 subwaves, I have numbered them 1 to 5 in red on the chart.
Gareth Neary
2023-04-12 19:39:27 +0000 UTCSorry Oba, I know you are trying and learning but this is not correct.
Gareth Neary
2023-04-12 19:37:56 +0000 UTCI think he meant that from 1 to 2 drawing by red lines, he sees three waves… but I am still learning so could be wrong.
KEI
2023-04-12 18:45:06 +0000 UTCI am also learning. If I am wrong please correct me Gar. The second wave is always to the downside. The subwave he mentions are within the second wave itself. On the chart. From number 2 to 3 = 1 wave. From number 3 to 4 = 2nd wave From number 4 to 5 = 3rd wave. As mentioned above...altogether they make up the second wave.
Oba
2023-04-12 18:29:41 +0000 UTCCould you please explain how to see 3 waves in the Subwave 2 count in NIO? I am struggling to see it.
KEI
2023-04-12 18:01:36 +0000 UTC
