Qualifying Factors: 1.) Support level response. 2.) Target 80% success rate
Hello thanks for viewing , I have an idea here on TSLA 1HR timeframe. Looking forward to a possible push up in this stock and tech over the coming days and week. Best of luck to all. + 5 Bottoming tails formed on the 10 minute timeframe at major level white line price $191.00 + 2 Targets to aim for one large one small + Other stocks such as AMZN also in similar...
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This is a short setup. + Please review the past earnings announcements which have been negative surprises, less than expected + Triangle pattern, rising wedge/triangle which will serve as the power reserve for this impulsive down move + A strong downward sloping trend line, which if broken and confirmed prices above, then we have a clear decision to exit the...
The trend line is a significant piece of information. Now that it is being broken and has a few daily candles closing above it, one would expect this move to continue to higher highs.
I can see some things taking place which would indicate a sell off starting here. Please see image. Have a good day
Does a picture of impulsive movement make sense to have begin soon? I believe in most cases it is possible for a breakout below of the rising wedge pattern. From there is is an "if then" situation of what happens at all of the horizontal lines if prices continues lower . Happy 2019-2020 Trading Season: Sept 2019 - May 2020
This chart is set up to go lower, in my opinion. +READING CHARTS IS LIKE READING MUSIC +PHYSICS AND CHART READING +LEVERAGE and STRUCTURAL ENGINEERING IN PLAY
Some perspective from an elective course on the many directions and sections on this screen
This data seems to be aiming downward still becuase of the consolidaiton on this chart and other aspects. VISUAL ONLY
I think it is down, long term, becuase I see a consolidating wedge at a bearish angle and a clear chop off zone where selling can resume. As we near that level look for top pins. PC.