Nice bounce today so far and we can see that $NIO is going back up to test the $5.83 level which was the resistance level and rejection from the last week of Jan.
Bulls have this as their first test now, another rejection at this level and a new low next is almost a certainty
A break out above $5.83 and a hold then we can start to feel like a reversal is possible here soon.
There is no impulse wave added here until we see strength and a series of higher highs and higher lows.
House of Wick
2024-02-06 16:20:23 +0000 UTCCharles D
2024-02-06 16:14:05 +0000 UTCHouse of Wick
2024-02-06 16:13:31 +0000 UTCJosh Stevens
2024-02-06 15:21:21 +0000 UTC