Base Over Base 20 EMA is following price, thus, showing momentum Price has room to move
Base Over Base 20 EMA is following price, thus, showing momentum Price has room to move
A potential area for a low-risk high-reward trade. The area marked is an AB=CD move that will happen above a prior high which means stops might be taken which will provide ample liquidity for a move down. Additional confluence - this happens at the 61% Fib retracement level, and also the 200EMA of the 4-Hour Chart. Overall the price is at the 20 Daily EMA area so...
I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end. Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there. The fans of harmonic patterns can recognize...
Inverse head and shoulders. Rejected the neckline, wait for a clear break out of the 775. Crossed up the 20ema and when TSLA does this it tends to go ballistic. I would see it run to the area of resistance of the 20ema. In addition to that DMI is bullish right now