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...
Simple.
Stimulus and more Quantitative Easing.
But I propose that this will only make things words.
I've taken the peak from January 2018, and posted a Fib line running towards the next peak at October 2018. We'll come back to this shortly.
Now looking at the above time period, we see a pattern form.
Scroll to the next bubble leading up to February 2020....