I expected (hope) for two more corrective wave and start the next bull trend... as long as 3.5 support line is not violated.
I'll predict that ER will beat then for an Up-trend correction (sometime within March), but it hit resistance (around $4.8ish) due to coronavirus situation. It will be followed by another corrective wave and hit support line ($3.8) again....
Luckily head and shoulder didn't form! (there is still a possibility that it could if the coronavirus condition worsen. However, given the way Chinese government is dealing with it, i highly suspect that it will go worse)
There is a high chance . that we are looking at a descending triangle breakout here. If NIO survive this crisis, with recent funding news and...
