Anyone else seeing this pattern on the daily chart? Large sell off over interet rates which we already knew was going to happen, so did this simply flush out the weaker hands? Many stocks especially tech such as paypal, square, crowdstrike, crm and many other were already beaten down. We open lower tomorrow and then spike up or spike up depending on the data...
Even with a strong rotation out of growth we did not shoot down today instead we found support, while I believe tesla may go bullish next, I labeled it neatral because its a little out there with the markets now but its an idea. QQQ held above 396 signaling that the trend can still jump to top of that channel as well, with the price action we are seeing lately in...
At first I believed that tesla was going to close the opening gap up but fromn the action of the past few days and the indicators and trendlines on my graph tesla looks ready to continue long, support is holding and one gap on the 30 min chart was filled this morning. Even with the news and the markets being week the past few days tesla did not fall sharply...
Multiple triangles and a pennant, as you can see it was rejected early and bounced off the bottom of one. Then continued up to be rejected again but this time it broke one of the supports, due to the RSI and MFI being oversold in the short term I predict and early bounce then a continuation down. Thoughts?