In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher. We are currently in another bullflag which could possibly take us to new highs! See linked charts for previous Tesla analysis. Goodluck and trade safe!
Price rejected channel and broke smaller trendline. See chart below to see what I'll be waiting for.
Reasons to go SHORT: - 0.5 Fibonacci - Descending trendline - Zone - Corrective structure Reasons to go LONG: - Double bottom indicating trend reversal
GBPCAD has been making beautiful break and retests on its way down. We are now waiting for yet another retest. Wait for price to pullback to the yellow box and short it to hell! Goodluck