This is what I think will happen with TSLA. If it could go back to low 100s and bounce, TSLA will be long term for ever
Beautiful setup to go long with the chart forming a cup&handle within a cup&handle which is within another bigger cup&handle pattern.
Seems like long calls to 250s and short from there. We will see what patterns form after the reaction at the 250 level
Diamond top which flashes reversal. Needs a pull back from an insane 13 day streak, overbought and exhausted at the gap. Around 200 would be a 38.2% fib retracement.
Ended with a large engulfing candle with a nice inside candle above the neckline, seems pretty bullish
Hoping we hit the 223~235 by tomorrow or Thursday and wick down at the close of Friday around 200. But I could be rushing it
Rsi and stoch are low. Definitely need to retrace before another massive drop
Bulls have been rejected from the Bull flag resistance and double bottom resistance retest. The world is also cracking down with bad news left and right. Creating enough fear for people to sell and fast. Bears have already dominated the market, they have been waiting for this, watch out.
Gap has been filled and loaded on PUTS. I would love a drop to 260
Just my opinion, not advice of any kind. Looks like TSLA wants to retest the 935-940s area since they haven’t closed below the previous lows on both HTF and LTFs. If TSLA does break out of the handle, I personally believe it will touch 1000~ and completely reject. It just might be the start of a new and last wave down for this bear market.
Just my opinion on what the market will do but who knows? Good luck everyone!
This is just what I think will happen as for now, wild guess but who knows