NIO Analysis

22 בנוב׳ 2022

Price playing out nicely as per my previous analysis. Price is still respecting the bearish POI at 11.73 and price reacted, pushing it down. However, we do see signs of exhaustion and volume picking up slightly. Price is also building sell-side liquidity. I'm expecting price to go lower, taking out the sell-side liquidity and to mitigate the bullish POI at 7.90 before we see a rally.