The correction of NIO appears to be over and has a potential for a long term swing reversal. The key low seems to be in place at $4.78. Confirmation of the low will be when the RSI Breaks out of the downtrend connecting the Jul 31 2023 high and the Dec 26 2023 high. If we were to get rejected and break the $4.78 low it would negate the pattern and price should want to move lower to test the all time low at $1.28.
NIO
https://www.tradingview.com/chart/l6djspEs/?symbol=NYSE%3ANIO
NIO
https://www.tradingview.com/chart/l6djspEs/?symbol=NYSE%3ANIO