Hello traders and investors,
today we see one of the main Tesla (TSLA) competitors: the Chianese Electric Car NIO. Assuming that 12 January 2021 was the pick of a Primary Wave 3 impulse, I am looking at the last impulse wave (primary 5) after the completion of Wave 4 correction.
As you can see in the chart, I see 5 intermediate blue waves down and 3 waves up, hence I am expecting another impulse down to complete intermediate wave C.
Fibonacci cluster/confluence either around 23.6% or at 38.2% retracement of Wave 3. In the first case, we will have a wave C similar to wave A, in the latter wave C will be extended up to 1.618%.
No rush to buy the dip. Target Wave 5 is yet to be calculated.
today we see one of the main Tesla (TSLA) competitors: the Chianese Electric Car NIO. Assuming that 12 January 2021 was the pick of a Primary Wave 3 impulse, I am looking at the last impulse wave (primary 5) after the completion of Wave 4 correction.
As you can see in the chart, I see 5 intermediate blue waves down and 3 waves up, hence I am expecting another impulse down to complete intermediate wave C.
Fibonacci cluster/confluence either around 23.6% or at 38.2% retracement of Wave 3. In the first case, we will have a wave C similar to wave A, in the latter wave C will be extended up to 1.618%.
No rush to buy the dip. Target Wave 5 is yet to be calculated.
노트
Still in the downtrend corrective move노트
It's still crawling in the down channel. Will it reach A=C parity at the boundaries of the channel?
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.