TESLA WEDGE REVERSAL?
Wedges are similar to triangles in that these patterns are formed between converging support and resistance lines. The support and resistance lines of a wedge would both have either a positive or negative slope. If we see a clear break through the (upper) line marked in the chart, we can assume a reversal upwards! But right now we are still in a downtrend!
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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.