$NIO continues to search for support and below the 0.618 at $4.54 means there is weakness showing on this pull back.
I have added all of the available Fib levels for us to watch and the impulse wave can remain valid as long as a new low is not made below $3.60.
As it says in red, losing the previous low and the nuclear option of going to $2.35 is on the table.
We want the bulls to step in before $3.60.
Chris H
2024-06-18 09:09:57 +0000 UTCNalaikPanda
2024-06-17 19:22:04 +0000 UTCES B
2024-06-17 12:45:44 +0000 UTCThomas
2024-06-17 12:01:08 +0000 UTC