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Breakandretest

Tesla -> Preparing The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction. As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here. On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
46
NYSE - VISA - BREAK & RETEST - MOMENTUMBeginning testing phase using my system in the stock market! Aiming for being able to use it for my own personal longer term investments, ideally to diversify and sow multiple income streams! The strategy is simple but very systematic and well defined and it's taken me many years to really put together every part of successful trading down to the most intricate detail. If it can work in other markets as well as forex, then the proof will be in these public ideas that everyone has access to and that can't be deleted once posted so there will be no doubt of the authenticity and quality of the system. Which in turn, might open the door later on for potential educational material to diversify income streams which will in turn bring a higher quality of execution in the markets because there will be less financial pressure to perform. Anyways before any of that takes place, I must see if the system can achieve a positive expectancy in stocks so be on the lookout for future stock posts as well. Starting out with V using my bread and butter! The classic B&R play that appears throughout my ideas in forex. As far as timeframes, from pure observation in past instances with the stock market, I've found the 3 Day candle chart to be particularly clean in terms of price action so that will become my default timeframe for stocks for this first testing phase. Lets see how this plays out over the next few weeks!
NYSE:VLong
by USA_Capital_Funds