$NIO TOP 20 UPDATE
Added 2023-05-11 18:53:28 +0000 UTCI remember at the start of April and we experienced a bounce, I found that the best way to show our members what is happening, is by showing how previous similar waves behaved and apply that to our current situation.
So here is another perfect example, the white oval marked at the start of April is a carbon copy of the count we are in now for Subwave 4, and as we know, Wave 2's and Wave 4's tend to mimic each other in length and the resemblance here is almost uncanny.
I spoke in the last update about the 200 Day MA being a potential resistance line, and we can see here that it is moving down to meet our Subwave 4 point, I would not have been surprised to see the price action move up to the 0.5 Fib but it has still not done this and now the 200 Day MA is now in the way of the price action getting there.
All is behaving as normal.
