Strong bullish trend in the weekly and daily chart . will most likely break out after small ascending triangle . Buy the retest at the triangle base. Do not buy at the high
Waiting for bullish confirmation on bounce off of windows support. 2 consecutive days close under channel support. Possible new channel support. Will be disregarding all bullish outlooks if Mondays close is under 06/16/17 and 06/01/17 window support.
What do you think about this set up ? Are my targets set up correctly? I placed my targets using 2x Fibonacci levels. Using a 1:1 ratio from the larger trading range and the smaller range. Current price levels are also near a pivot point from a couple of months ago. If it breaks over that pivot point i believe it will go much higher.
I am currently learning pattern formations and i would like to know if this would be considered a head and shoulder pattern. If it is then did i place the neck line correctly? and what do you guys think, will TSLA break the neck line?
