On Tesla there is a nice triangle pattern . It can break upside or downside.
- Upside ? Long above the previous resistance
- Downside ? OK for a short, but I'm not sure it can go straight down. May be a bounce on a pivot, retest of the trend, and wait short confirmation with a red candle touching the trend
- Upside ? Long above the previous resistance
- Downside ? OK for a short, but I'm not sure it can go straight down. May be a bounce on a pivot, retest of the trend, and wait short confirmation with a red candle touching the trend
Note
about to break ? Trade active
UP !Trade closed: target reached
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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.