A desperately needed bounce for $NIO after such an aggressive drop, the price action now is still mirroring what happened after Wave 2 completed so we will continue to use this as our reference point.
The Red Fib levels are what we are watching now as they have been acting as very accurate resistance and support levels, the 50 and 200 Day MA are just at the 0.5 Fib now so we will not be surprised to see a bounce up to here at some point.
Vittorio
2023-05-26 18:53:54 +0000 UTCKevin J
2023-05-26 15:26:54 +0000 UTC