TSLA four-hour chart shows a potential Gartley harmonic.
Updated
TSLA is forming a potential bearish Gartley on the four-hour chart, which would result in bullish price action on the C to D leg, as long as point C on the chart holds. Point C on the chart also corresponds to the daily 200 SMA, and is right above the psychological $200 level, which adds confluence to the long entry at $202.50. Trade active
Profit taken at the .5 retracement and into the .618 retracement.Trade closed: target reached
TSLA traded up to, and beyond, point D of the harmonic. All targets have been reached, and I am reloading long on dips to daily demand.
Related publications
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.