Bullish bat harmonic. Possible reversal area, long entry.
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I've plotted a bullish bat pattern on Tesla. Tesla has pulled back 88.6% from the last major swing low to the top of the pattern. Depends alot on the macro but I believe Tesla doesn't always move with the market so it could happen quicker than most anticipate. Also there is may be some bullish divergence possible forming on the 4 hr chart. Targets are the common fib retracement levels. Good luck!
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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.