No need to worry about a pull back if it makes sense.

NIO has been on a roll the past couple of days, it definitely needed a pullback. I see NIO retesting the 200 MA which perfectly happens to be at the 0.5 fib retracement and then continuing its bullish path towards $50. I do not see this as anything more than that so I am not worried.

This is not financial advice, this is just what I see happening.

And for my followers that are keeping up with my content, this pullback plays perfectly with my "measured move" hypothesis which I will post about tomorrow to show you how price is reacting with the C-D leg.

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