On Tesla’s 1D chart, we can see that a symmetrical triangle have formed on it. It may indicates that Tesla’s price will bounce between the resistance and support. The top of the pattern is at the beginning of December. It means technically it will break out the pattern before December.
Also, the Bollinger bands is squeezing, which also indicates that maybe a big price move is coming.
What’s more, the election is coming to an end. If something special happen, it may add volatile to the market. I personally will be cautious during these days.
When doing breakout trades, please remember to set stop loss to prevent fake out.
Also, the Bollinger bands is squeezing, which also indicates that maybe a big price move is coming.
What’s more, the election is coming to an end. If something special happen, it may add volatile to the market. I personally will be cautious during these days.
When doing breakout trades, please remember to set stop loss to prevent fake out.
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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.
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.