Dec. 24 at 10:01 PM
$NIO - A push above
$5.49 would restart the bullish momentum 🚨
Nio stock under relentless bearish pressure, retracing Wave 2 to the 0.618 Fib level via a completed ABC pattern and dropping ~40% in weeks.
Will bears hold? Consolidation hints at a directional move soon. The line in the sand:
$5.49, confluence of Fibs & historical supports. Currently trading ~
$4.89, eyeing breakout potential.
Key Levels
•Bull Trigger: Push above
$5.49 on strong volume restarts bullish impulse with targets
$13, then
$22.
•Invalidation: Breach below local low
$3.02 kills the setup.
Indicators mixed, no certainties. So, stay cautious and watch action thru year-end into early 2026 for confirmation.Free analysis🅱️ℹ️🅾️@1Investor9