Applied wave theory to $NIO. Looks like a symmetrical triangle forming, and they broke a downwards trend. Clean bounce off the 50MA on 12/29. Also a clean bounce off the emas today 12/30. Looking for this to turn bullish again leading up into NIO day (1/9). PTs on the chart
Any dip currently is a buy IMHO to enjoy the ride up for a 5th wave. We are completing a 4th wave currently and will be testing new ATHs on the next leg up. fibonnaci retracements implies we've hit a 38% retracement and MTCH is forming a bull-flag on the daily (which is typical for a 4th wave). be on the lookout for confirmation on the Stochastic RSI. PT on the chart