The structure of this 6-month correction in #TSLA tells us...
...that buyers keep accumulating #TESLA at better prices along the LOWER channel's border - this support line has its roots (and meaning) in a flurry of hectic buying seen in Dec 21.
...that with each attempt to hurdle the channel's UPPER border, buyers express their interest to conquer all the chart areas that are encompassed by dynamic lines that originate from the same climatic episode.
A possible attractor can be the intersection later this month formed by the ascending line with the nominal resistance belonging to the ATH, a 35% gain from here.
A risky set-up but still with a favorable risk to reward ratio. Stops would be trailed along the ascending support.
...that with each attempt to hurdle the channel's UPPER border, buyers express their interest to conquer all the chart areas that are encompassed by dynamic lines that originate from the same climatic episode.
A possible attractor can be the intersection later this month formed by the ascending line with the nominal resistance belonging to the ATH, a 35% gain from here.
A risky set-up but still with a favorable risk to reward ratio. Stops would be trailed along the ascending support.
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