$NIO Pending Reversal On Down Trend?

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.
ADRChart PatternsdownwardtrendEVFibonacciNIOpsnysupply_and_demandSupply and DemandTesla Motors (TSLA)

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