Bulls found some sort of solidarity in the FEDs minutes today. And showed it with a strong stance by buyers closing the day with strength and displaying the majority will of todays retailers. And their desire to reap profit from this shopping season .
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
Note
TSLA retested and bounced off support at $180 and extending the upside continuation with low Volume.Yet still struggling to break and hold above $183
Looking like a range bound day
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
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.
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
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.