NIO completed a WXY correction. Y hit perfectly the 100% Fib extension of W which is the most likely target. In addition we hit the 50% Fib retracement of the whole move and channel resistance. We're at a massive support!! MACD is about to crossover. Targets are $74.30 and $92 the 61.8 and 100% fib extension of the whole move.
NIO completed a WXY correction. Y hit perfectly the 100% Fib extension of W which is the most likely target. In addition we hit the 50% Fib retracement of the whole move and channel resistance. We're at a massive support!! MACD is about to crossover. Targets are $74.30 and $92 the 61.8 and 100% fib extension of the whole move.