NIO Elliot wave detail analysis
Nio is currently showing a pendant flag with a break out possibility. The correction impulse had ended on October before the Q3 2021 report and are currently building momentum for a 5 step impulse wave.
Drawing a visible range from the drawback from ATH , the price is currently extremely close to the strongest support for the year.
The ema 20,50,200 further confirm the price is currently at a very right range, showing a promising buying point , they are ready to pull away from each other.
The potential upside gain is more than 50%
Drawing a visible range from the drawback from ATH , the price is currently extremely close to the strongest support for the year.
The ema 20,50,200 further confirm the price is currently at a very right range, showing a promising buying point , they are ready to pull away from each other.
The potential upside gain is more than 50%
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