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De_Dommex
Dec 3, 2021 5:03 PM

Descending triangle Long

NIO Inc.NYSE

Description

A descending triangle formation that shows a partten in which the price is about to surge to the upside.
Now we look out for a break out, once we see a breakout of the downward trend lines which shows the upward move in price. That should be our entry
Comments
SkyPat3
it can also break down too.
De_Dommex
@SkyPat3 yes we never know what's next but put an eye on the candlestick representation
JoeChampion
You are awesome, thank you!
De_Dommex
you always welcomed
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