Tesla has had resistance turned support turned back to resistance dating back to 2021 on the chart, as seen by the white circles. It has broken the $300 level for the second time in the past three or so years. Now that it's broken, it has pulled back to the 9ema on the weekly chart, and the area that was once resistance has turned...you guessed it... SUPPORT. See you at $400 plus!
-HighFiveSetup is still intact with massive measured moves higher from our 1 and 3-year inverse H&S patterns.
-Tesla is up over 3% on a day, and the market is pulling back, which shows even more bullishness.
We had the 1/3 multi-year inverse H&S breakouts with retests and now have pushed higher. Then we had a pullback to where we broke over a 4 year resistance area to now make it a support area. Now we are having another pullback to create more support as we consolidate. We will be going higher though friends. We are not even close to the measured moves.
-H5 Indicator is GREEN
-Wr% consolidation box is thriving.
🎯$420
🎯$427
🎯$581
NFA
Note
$420 inbound!
Note
Broke $400 so you know what that means $427 price target is inbound!
🖐️ High Five Trading Strategies
📦 Williams Consolidation Box Strategy
📈 Stocks, Cryptos, ETFs, Levered ETFs
📢 More Probabilities = Higher Possibilities
🌆 Private community coming soon
👇 Find me on other Socials
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.