NIO Inc.Long
NIO is nearing the end of its correction
I've been tracking NIO for quite a while now, and the correction has been long, and complex.
I have had this down as a 5-3-5 correction since Feb/March 2021, and it has played out accordingly.
The last couple of days have been confusing, but it's clear that we're on either Wave 1/2/3 of:
5 of 5 of C of 2.
On the Primary count, this is a Wave 2. I was going to buy at $27 at the 0.618 fib, but feel this may go as low as the 0.786 fib at 15.43ish.
I plan to start buying in tranches when this falls below the previous low of $18.08.
Ideally, I want to buy from $17.50 and lower, but we will see what happens!
NIO
I have had this down as a 5-3-5 correction since Feb/March 2021, and it has played out accordingly.
The last couple of days have been confusing, but it's clear that we're on either Wave 1/2/3 of:
5 of 5 of C of 2.
On the Primary count, this is a Wave 2. I was going to buy at $27 at the 0.618 fib, but feel this may go as low as the 0.786 fib at 15.43ish.
I plan to start buying in tranches when this falls below the previous low of $18.08.
Ideally, I want to buy from $17.50 and lower, but we will see what happens!
NIO
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.