Hello Tesla fans. This is a follow-up of my published idea titled 'Tesla conquered battle zone with much room ahead'. The pullback and retest movement was exactly what I projected.
The above image was what I screenshotted for the post and the below is what happened afterwards.
Now, price is at the upper boundary of the formed structure. What I anticipated would be as below:
1. accumulating momentum: price goes sideways for a while before a bullish rally leg-out candle.
2. continuation of sideways: Price drops again to previous low one more time and penetrate the upper boundary for the third time(two try rule!)
I would prefer to the first scenario. Don't forget today is Friday, most of which are quite choppy. Btw, bitcoin might give a push of Tesla. What do you think?
Give me a like if you're with me. Thanks for your support.
The above image was what I screenshotted for the post and the below is what happened afterwards.
Now, price is at the upper boundary of the formed structure. What I anticipated would be as below:
1. accumulating momentum: price goes sideways for a while before a bullish rally leg-out candle.
2. continuation of sideways: Price drops again to previous low one more time and penetrate the upper boundary for the third time(two try rule!)
I would prefer to the first scenario. Don't forget today is Friday, most of which are quite choppy. Btw, bitcoin might give a push of Tesla. What do you think?
Give me a like if you're with me. Thanks for your support.
ملاحظة
The conquered trouble zone fail to hold the price. Let's see if the uptrend line combined with MAs will be a strong defense level. If it's violated, price will test 623ملاحظة
The uptrend line holds well. Price bounced back from there.
plan your trade and trade your plan
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
plan your trade and trade your plan
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.