NIO is still looking bearish . But I mapped out both scenarios.

NIO is still looking bearish . But I mapped out both scenarios. I pointed this could be a triple bottom pattern where it could bounce from current areas. But I am leaning more bearish as it is forming lower highs and a bearish triangle and we are well below ichi moku clouds. It is looking to break that support line. Best wishes to everyone trying to make a sound decision. I would a assume it will break down and form a inverse head and shoulders before reversing. This market has not been good to us. They are most definitely trying to shake out everyone.