TESLA CASE STUDY 2 WHAT IS THE INDICATORS SAYING
Ok in the previous case study we noted that Tesla has been Making bearish pattern with the descending wedge pattern with a accending wedge pattern being capped between 620 and 630
The straight line and bearish neutralization of bullish moment indicate a
Bearish check mate
Indication more downswing
The correctional pattern had a complex correction with a abcd not sure if it is a valid ending diagonal.
If so it could go bullish
The adx also so a neutralization of bearish moment on the daily a positive sign for more upswing
The ichimoku cloud is thick and the bollinger bands are tight
We see a doji comfirming resistance on the daily again the Bollinger that also confirms the resistance level Tesla is at
The Rsi is above 50
If it pulls under 50 the compression could be a signal for more downswing.
To be continued
The straight line and bearish neutralization of bullish moment indicate a
Bearish check mate
Indication more downswing
The correctional pattern had a complex correction with a abcd not sure if it is a valid ending diagonal.
If so it could go bullish
The adx also so a neutralization of bearish moment on the daily a positive sign for more upswing
The ichimoku cloud is thick and the bollinger bands are tight
We see a doji comfirming resistance on the daily again the Bollinger that also confirms the resistance level Tesla is at
The Rsi is above 50
If it pulls under 50 the compression could be a signal for more downswing.
To be continued
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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.