Back test of the wedge breakout underway. Should fall to somewhere between 2.90 and strong support at 2.50. Wait for the bounce up and confirmation. Potential to build out an inverted H&S. However the situation is Very volatile because they are running out of cash and the moment funding is secured... BOOM! Always remember this is a Chinese company and it is a point of pride of China, and the Communist Party which controls every, single major corporation will not let this business fail.
Yeah NIO is bearish, but anything can happen since it's still a young company and they are in need of funding. I'm following their Twitter any other places to check for news on NIO?