At this time NIO have it nice run and that run and end 5 Elliott wave price adjustment. Recently, a new wave has begun and it has already passed the first stage, when during the second stage the price will fall to level X, the price will fall by about 2-3.5 USD. The price will definitely come back from this level, as there were two GAP levels in the past, this would be the third time, and everyone is well aware that three are the most important in a technical analysis . So it will be a strong level of support, maybe even a price with RSI or a stochastic indicator will make a difference, and rising prices will create a HEAD AND PET, which would be a very nice and equitable price model with a huge impact on new price levels.
Or that shooting star don't have impact to trend and price will goes up with market.
We will see what will be in few days, because NIO earnings will be in four days and that earning can have a lot of impact.
But before that, there may be a small price adjustment.