Tesla correction to $190 likely imminent.
Updated
There is a strong confluence zone of Gann’s Cycles of the Inner Year between Dec 19 and Dec 22
180 bars from the April 4 swing high
144 bars from the May 24 swing low
97 bars from the Aug 4 swing high
91 days from the Sept 22 swing high
Additionally, there are significant gaps now between the bodies of the candlesticks between Dec 14 – Dec 21 and the Tenkan-Sen.
Significant and surging volume coming in while
TSLA hits new lows.
The price value of $144 itself is an important number in Gann Analysis.
Anticipated outlook: A return to $190 value area over the next 42 to 49 trading days.
180 bars from the April 4 swing high
144 bars from the May 24 swing low
97 bars from the Aug 4 swing high
91 days from the Sept 22 swing high
Additionally, there are significant gaps now between the bodies of the candlesticks between Dec 14 – Dec 21 and the Tenkan-Sen.
Significant and surging volume coming in while
TSLA hits new lows. The price value of $144 itself is an important number in Gann Analysis.
Anticipated outlook: A return to $190 value area over the next 42 to 49 trading days.
Trade closed: target reached
Worked out nicely.
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