The chart speaks for itself. Nice top, but I'd like to see it go down again to retest level underneath and rise again - as scenario 1 follows.
Might be a few days to do so, but considering movements the last two months, where I have been following FTSE closely,
it does not have the strength to keep going as is right now.
It might also happen that it loses a lot...
The Tesla stock is nearing 200 day Moving Average and is coursing towards Fibonacci 0,5 at $480. MA200 is almost at $480 and therefore I think there are reasons to believe this will create a support level there. The stock also traded close to $480 September-November. Exciting to see what the stock'll do next.
After the bear channel was broken, FTSE arose and is in up trend on the chart . I believe FTSE will be testing support in the upcoming week and is bound for breakout as early as in April.
After the bear channel was broken, FTSE arose and the up trend on daily chart. I believe FTSE will be testing support in the upcoming week and is bound for breakout in April.
