After undergoing a rally this morning, TSLA pulled back to the 50% retracement shown here as the base line. It has since shown signs of recovery and appears to be on track to reclaim 560. With the price above the cloud and the conversion line above the base line, the indicator points to strong forward momentum.
Trade closed manually
SPY not holding up. Watching for next opportunity.
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Disclaimer
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.