Wedging to liftoff
"History has a strange way of repeating itself"
Can we see a similar outcome to the May 23' break out from this same falling wedge pattern we are seeing now in TSLA?
Price has moved fairly sideways for the last month as TSLA decides what structure to break.
Daily RSI is showing near its median, while MACD is preparing for a buy/sell signal.
Im looking for a break and hold of $253 for a continuation higher. I wouldnt be surprised to see a massive gap up on monday to start the week off either.
With a healthy Q1 24' we can see a target of $300 for a retest.
Thoughts?
Pure speculation. Trade responsibly.
Can we see a similar outcome to the May 23' break out from this same falling wedge pattern we are seeing now in TSLA?
Price has moved fairly sideways for the last month as TSLA decides what structure to break.
Daily RSI is showing near its median, while MACD is preparing for a buy/sell signal.
Im looking for a break and hold of $253 for a continuation higher. I wouldnt be surprised to see a massive gap up on monday to start the week off either.
With a healthy Q1 24' we can see a target of $300 for a retest.
Thoughts?
Pure speculation. Trade responsibly.
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