It is unsettling that NIO is forming a Descending triangle.
A 4th Touch of the baseline would likely result in a break down of the descending Triangle, with target being the height of the Triangle.
In my prior post I have posted my exit, I'd be keen to add shorts on the breakdown of this Triangle.
The best traders remove emotion
No Matter how much I love Nio this is what the charts say.
If this triggers you it is very likely trading is not for you.
A 4th Touch of the baseline would likely result in a break down of the descending Triangle, with target being the height of the Triangle.
In my prior post I have posted my exit, I'd be keen to add shorts on the breakdown of this Triangle.
The best traders remove emotion
No Matter how much I love Nio this is what the charts say.
If this triggers you it is very likely trading is not for you.