The confluence level could not hold, the price action battle for over 3 weeks to stay above this level and finally gave way today and it is moving down to the next support level for a test on the 0.78 Fib at $4.50
This was considered as a possibility and we could not rule it out, as much as we wanted to
If $4.50 is not held then the next test is the final fib level at $4.09 on the 0.887 Fib
$NIO needs to stay above the lows of August on the red line to keep its hope of an impulse wave alive.
I am holding.
tinydub
2024-11-12 18:35:30 +0000 UTCStevieV22
2024-11-12 18:34:39 +0000 UTC