nio looks to be in the midst of completing this very long phase of consolidation \ accumulation.
currently above ichimoku cloud and poised for a breakout.
i've counted it as an abcde \ triangle for the primary wave 4.
if it breaks out of this triangle, catch the bullish retest of it, and let it ride.
upside target is hard to calculate for something that went this parabolic, but i'd give it $100+ at the minimum.
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update to:
currently above ichimoku cloud and poised for a breakout.
i've counted it as an abcde \ triangle for the primary wave 4.
if it breaks out of this triangle, catch the bullish retest of it, and let it ride.
upside target is hard to calculate for something that went this parabolic, but i'd give it $100+ at the minimum.
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update to:
