Inverted Head and Shoulder pattern on TESLA smaller time frames
The down trend may be over for now on TSLA. The down trend has made an inverted H&S pattern on the smaller time frames indicating the reversal has potentially started. Right now we are sitting just shy of the measured move up, which puts us at 242.50 ish. If you measure from head to neckline that should be roughly equal to the shoulder to your target.
* Don't buy high and sell low! Wait for pullback to an area of support. Or you can play intraday/short term and wait for an ideal flag or ascending channel pattern to form on the 5 or smaller time frames. TSLA has controlled selling pressure after strong moves up the past few days.
* Don't buy high and sell low! Wait for pullback to an area of support. Or you can play intraday/short term and wait for an ideal flag or ascending channel pattern to form on the 5 or smaller time frames. TSLA has controlled selling pressure after strong moves up the past few days.
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