xoorl

xoorl

Almost perfect .786 retrace, M shape and hidden bullish divergence

xoorl

According to the psychology of a market cycle, we're currently in the complacency phase. This would imply more downside, going back to about 2100. About a 50% cut. Unfortunately a recession seems imminent.

xoorl

Having broken out of the downsloping channel, and possibly showing a breakout of an inverse head and shoulders this might be a nice play upto earnings .

xoorl

Oh and yesterday we confirmed a breakout of the downward resistance on the weekly timeframe too!

xoorl

After breaking this same resistance on the daily timeframe about a week ago, Tesla stock will probably confirm a breakout of the downtrending resistance on the weekly timeframe too if this week closes above 233 (last week's close)

xoorl

If TSLA can hold support around $ 250 we can see great upside potential!