For the next week, I think one scenario is that Tesla might bounce off the lower bound of the triangular consolidation area to retest the midline or even the upper bound. I should focus more on the way down as daily MACD has crossed down and the price has crossed down both Tenkan and Kijun sen. Wait for signals on 5 min and 15 min charts.
Another possible scenario is that on Monday TSLA opens lower and burns through the support level right away. Should this happen, wait for the retest of the old support -- now resistance -- to enter short trade.
Another possible scenario is that on Monday TSLA opens lower and burns through the support level right away. Should this happen, wait for the retest of the old support -- now resistance -- to enter short trade.
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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.