TESLA (TSLA)
BIAS: BULLISH
After the reversal, there was a push touching ATH and now looking for support on the previous...
To change bearish bias:
A push below 360-300p/s would be expected... Strong support around 260.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
After the reversal, there was a push touching ATH and now looking for support on the previous...
To change bearish bias:
A push below 360-300p/s would be expected... Strong support around 260.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
Trade active
Could support be found??
New highs expected if so...
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
Note
What I’m seeing:
Price isn’t testing the neckline so much as naturally gravitating towards it. Traders are re-engaging with this area buying and selling based on the past action.
If buyers are still cool with this price, we could see a bounce and the bullish trend resumes.
On the flip side, if sellers are strong in this zone, then we could shift into a short-term bearish.
Bullish Bounce:
If the buyers step up and react at the neckline, it could be game on for more upside, pushing back to previous highs or beyond.
Short-Term Bearish Shift:
If the sellers take control and push below the neckline, that could be a signal the breakout was short-lived, and we might see the price move lower.
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Related publications
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.