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flapbreaker
Feb 23, 2023 5:18 PM

Ascending triangle - which way will it break? 

NIO Inc.NYSE

Description

Ascending triangle, something to keep an eye on. Usually a bullish pattern but that's after an upward trend and this started after a down trend so not sure. Would be interested to hear other's opinion.
Comments
flapbreaker
Yep, it broke down. I should have known based on the trend. Triangles usually break in the direction of the previous trend. The only good news is that the price action had broken free from the downward channel.
novax33
down
hushedHunter78542
I have a lot in nio, but i have a bad feeling this goes down more. At least to $6
Radiologyfinance
@hushedHunter78542, I think the same, I have a lot of share.
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