$NIO Waiting for triangle to break

NIO is forming a triangle, and we´re waiting for it to be broken to give us a better idea of where price is heading.

Bearish Argument: We had an extended downtrend wave was extended, and could still be on wave A of the retracement.
Bullish Argument: 200 Day EMA is holding nicely at 50% retracement, and a short term double bottom was formed.

A new analysis will be published after the triangle is broken.