NIO

NIO has recently completed a classic 5-wave impulse structure, signaling the end of an upward trend phase. Currently, the stock is in a corrective phase, with waves A and B likely completed and wave C in progress.

Monitoring is essential as wave C concludes; once the correction finishes, we can anticipate a potential bullish reversal and the start of a new uptrend. If NIO holds above key support levels, it could be an opportune moment for entry.

Stay tuned for updates as we approach the completion of wave C, confirming the next movement in this cycle.