NIO - big picture view

٢٢ فبراير ٢٠٢٤

Possible count for a finished corrective at an interesting price point.

Now, the only issue here is the impulse count of the last C-wave.



There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that.

The wave 5 here could also not be finished yet, but that's often difficult to tell on the last waves.


Still, since the overlap is there, there are secondary alternatives to consider:

The impulse isn't finished yet overall:



And if we consider this to be a 3-wave move to the downside, we could get something like this:



or even more up and down chaos like this:





Should it make new lows



There is an open gap at 4.70$ and the macro POC around 4$

٢٣ مارس ٢٠٢٤

ملاحظة

So far going according to the second image in the last update:



Volume is also dropping on the way down.

There's still a bit of air to close the gap, though it's close enough either way.

Remains to be seen, if we still get a bigger flush towards 4$ or not.

٢٧ أبريل ٢٠٢٤

ملاحظة

Hit the Macro POC around the 4$ mark with declining volume towards the low as shown perviously.



Went a bit lower, but swiftly gained the Macro POC gain, with a 20%+ move from the low. Needs to hold above now and get through that ~5$-6$ zone above next. Bullish sentiment certainly would increase once we start trading above that again.

There are alternatives for counting the move from the ATH:



Two possible ways to see a simple zigzag (yellow and white) instead of a multi-zigzag, both of which can be seen as completed.

١٧ يوليو ٢٠٢٤

ملاحظة

Hmm, I was sure I updated this a month or two ago... anyway, we certainly have a candidate for an impulse from the low and a corrective after



We also closed the gap around 4.20$ (where else...) on the correction.

On the move up, we did not get above the marked zone (compare first image, last update) yet. Getting above that (6.40$-6.50$) and holding that zone would give a lot more conviction.

١٤ سبتمبر ٢٠٢٤

ملاحظة

Not much to add to the previous update here, we went deeper - as deep as possible basically without taking out the low and once more holding the macro POC:



So once more: we need to above ~6.50$ and hold.