$NIO TOP 20 UPDATE
Added 2023-05-09 17:12:13 +0000 UTC$NIO has been operating like clockwork lately, moved down today to hit the Subwave B exactly at the 50 Day MA on the 1hr, precisely as we had shown on yesterday chart and now it looks like it is moving up for Subwave C of Wave 4 now.
The 200 Day MA is just above and coming down to the 0.5 Fib level, so this is the level I am watching for a rejection and Subwave 4 completing.
Next we get to look forward to Subwave 5 and entering the buy zone again.
Comments
Thanks!
Peter C
2023-05-09 18:11:32 +0000 UTCYes, normally in a corrective wave in a downward trend, the Wave C ends higher or at the same level as the Wave A point.
Gareth Neary
2023-05-09 18:07:45 +0000 UTCIn an ABC , are there rules? Like does the C need to be higher then wave A?
Peter C
2023-05-09 17:20:26 +0000 UTC
