TSLA: Back to a TRAP ZONE. What to Expect?
• Since our last post, TSLA did exactly what we expected, as it corrected to the $187 support, and now it is bouncing again (link to my previous analysis is below this post, as usual);
• Everything is going according to the plan, but TSLA is still inside its Trap Zone, between the key resistance at $200 and our support at $187;
• Only a real breakout would bring something new, and so far, there’s no evidence pointing to a breakout to any specific direction;
• In the 1h chart, TSLA is losing momentum after spiking this morning, and a pullback to the 21 ema, or even to fill the previous gap around $190 would be plausible, but if it loses this support area, we might see a short-term bearish continuation to its next support area;
• Either way, we won’t see a true bearish structure as long as it stays above the $187 - $186 area, while TSLA won’t turn bullish without a clear breakout of the $200 resistance;
• So far, it seems we are just inside a “No Man’s Land” again, and we must pay attention on how TSLA will react around its support levels;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analysis!
• Everything is going according to the plan, but TSLA is still inside its Trap Zone, between the key resistance at $200 and our support at $187;
• Only a real breakout would bring something new, and so far, there’s no evidence pointing to a breakout to any specific direction;
• In the 1h chart, TSLA is losing momentum after spiking this morning, and a pullback to the 21 ema, or even to fill the previous gap around $190 would be plausible, but if it loses this support area, we might see a short-term bearish continuation to its next support area;
• Either way, we won’t see a true bearish structure as long as it stays above the $187 - $186 area, while TSLA won’t turn bullish without a clear breakout of the $200 resistance;
• So far, it seems we are just inside a “No Man’s Land” again, and we must pay attention on how TSLA will react around its support levels;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analysis!
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