$NIO TOP 20 UPDATE
Added 2023-05-04 17:45:40 +0000 UTCReally good movement from $NIO, glued to our Subwave 4 line and behaving as expected, let's remember that the price action does not need to be exact, it's amazing when it does but we focus on the trend at all times and I happy with what I see, the long downward movement from $10 to $7.34 is a hallmark wave 3 move, very long, very little pull backs and more aggressively then any other wave.....so I am happy we are in Subwave 4 and there is at least one more leg down to a new low.
Traders just be mindful as always with $NIO, it has been following our chart nicely but large swings can happen at any stage, don't be adding too much risk by following my chart to the exact cent.
Comments
What is the scenario where we already bottomed? 9.50?
Steele Broderick
2023-05-05 14:51:35 +0000 UTCThanks for the update. Looking at the chart I see (possibly) 2 new lows? Subwave 5 in wave 3 and wave 5. Am I reading this chart correct?
Peter C
2023-05-05 10:25:32 +0000 UTCare you sure that there isn't a new low, after the new lows in may/june :-)?
bastipeng
2023-05-04 18:10:34 +0000 UTC
