TESLA

TESLA
HIT 38.2% retracement
Make A swing Bottom
Form a Morning Star candlestick Pattern
Can create near term bullish outlook
as long as hold Swing Bottom low
RSI exit the oversold

Swing Bottom Gets Created

Based on Higher low and Higher High

L > L1-
L1-< L-2
H > H-1
H-1 < H-2

Today body gap up
yesterday body gap down

If moving average is crossed then trend can get confirmed.

Price above average is up trend and Price below down trend is down trend.

As a result of swing bottom based on above logic.

low of swing bottom critical formed in 2 day for any reversal process to resume and further to get confirmed.

This is strategy. How one can look at in combination of retracement, candlestick and RSI

This is for educational purpose and not a buy or sell.

The above comments are based on chart observation of indication and candle patterns.