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$NIO Pending Reversal On Down Trend?

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NIO Inc. (NYSE:NIO)  
DGSTBROKERACC  
NYSE:NIO   NIO Inc.
Chart Patterns Supply and Demand Fibonacci supply_and_demand downwardtrend ADR EV Tesla Motors (TSLA) NIO psny
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chartpattern supplyanddemand fibonacci supply_and_demand downwardtrend adr ev tsla nio psny
In the chart I have provided an analysis on the following points:
1. Confirmed Supply & Demand Pockets (Total of 2).
2. If side movement continues past February 28th chart would be invalidated.
3. Break above $20 would confirm break of downward trend & place us in supply territory for Fibonacci.

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