$NIO continues to be in a world of its own now and is going through the motions of following our count.
The $8.04 yellow line has been a tough rejection line for $NIO and we can see that it rejected twice here and on the second rejection it has moved down abruptly, we are happy to see this.
Like I mentioned 2 days ago, I would not be surprised to see a hard drop from $NIO shortly as we move down this subwave 5 of Wave 3, this should bring us into the buy zone nicely!
AB.investor
2023-05-18 20:38:36 +0000 UTC