Good morning my fellow Cryptocurrency trader, I hope you are having a wonderful day. If you decide to call me a genius or whatever... The choice is yours to make.
Here, the TSLA stock (Tesla) is showing some weakness signals. Weakness that can translate into a drop.
Would you like me to point those out?
Ok, we can go through a few of them real-quick.
1) A rising wedge pattern. Always bearish.
2) Decreasing volume. Always bearish.
3) Resistance being confirmed at the 19-February peak.
4) Bearish bat.
These are just a few of the chart signals but it is not only about the signals, there is something in the air... I smell... Huh, what to call it? A flash crash? A market shakeout? A flush? A surprise? Or simply, a retrace?
I don't know... All I know is one thing, TSLA doesn't look bullish anymore.
The chart is saying down.
Let's see what kind of event shows up to match the chart.
Namaste.
Here, the TSLA stock (Tesla) is showing some weakness signals. Weakness that can translate into a drop.
Would you like me to point those out?
Ok, we can go through a few of them real-quick.
1) A rising wedge pattern. Always bearish.
2) Decreasing volume. Always bearish.
3) Resistance being confirmed at the 19-February peak.
4) Bearish bat.
These are just a few of the chart signals but it is not only about the signals, there is something in the air... I smell... Huh, what to call it? A flash crash? A market shakeout? A flush? A surprise? Or simply, a retrace?
I don't know... All I know is one thing, TSLA doesn't look bullish anymore.
The chart is saying down.
Let's see what kind of event shows up to match the chart.
Namaste.
Trade active
A higher low wouldn't break the bigger bullish structure. There can be corrections and retraces within a rising trend.This is all normal market behavior.
Long-term, we can see growth.
Short-term, there can be a correction.
The correction can end in a higher low compared to 7-April. This would keep the bigger, long-term, bullish picture intact.
We can profit from the rise as well as from the swings and drops.
SHORTing is for advanced traders.
Leverage is for advanced traders.
Spot and investing is for passive participants.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd » Join us now! 👉 t.me/lamatrades/4
💥💥💥 TOP 2025 Early—Results
t.me/anandatrades/1183
💥💥💥 TOP 2025 Early—Results
t.me/anandatrades/1183
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.