Is NIO setting up Elliot wave 5th? I'm convicted. Base on this technical someone can buy here with SL: 48.44 & with a potential target of 77-79.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
3rd wave by rule cannot be shorter than wave 1 and 5.From the nio's last 3 week behavior I have feeling like wave 1 in your chart would allegedly be wave 3 and 3 wave on your chart as wave 5 and last days its behaving like ABC(C)
fqalogtrader
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@lamborghiniFURU, yes could be another view to looking at the chart. That's why as per my plan if someone is entering here should be a stop loss @ 48.39 to protect losses.