Tesla on important triangle support, great risk-reward
Tesla is getting way oversold and has reached an important support of the line linking the lows which represents the bottom of its large triangle pattern.
We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds.
A break above the upper line of the triangle near $235 would open much higher levels while a break below would invalidate this bullish view.
We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds.
A break above the upper line of the triangle near $235 would open much higher levels while a break below would invalidate this bullish view.
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