NIO Inc.
Short

Impulsive move down imminent.

579
2.618 fib extension is 9 ish dollars and that's where we go long. Has confluence with a gap in the weekly chart as well so very nice to target that area for shorting. 1.618 fib target for maybe Nov 1st or Dec 1st is 22 ish dollars. Great to short here on deliveries tomorrow and with SPX bear flagging.

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