$NIO TOP 20
Added 2024-10-30 19:02:04 +0000 UTCThe 200 MA on the 1hr was the limit for the small impulse wave and we have the pull back now
Price is already testing the blue support line at $5.32 now, just slightly below the green 0.618 Fib at $5.37.
$NIO needs to hold a higher low now above $4.95 which it hit last Thursday.
A lower low and we are still in the larger ABC pull back after hitting $7.70 at the end of Sept.
$BABA and the HSI are holding on their respective support levels and $NIO needs to continue holding with them.....likely until the 5th, when the Chinese policy makers make their fiscal announcement.
