TSLA consolidation before the big move

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After a huge run, TSLA is going thru a healthy consolidation - typically post earnings up until its next earnings (2-3 months). Dont buy into the fear mongering hype





Not picture perfect but overall looking to retest the previous breakout zone which could align with the lower trendline



Potential inverse head and shoulders on the weekly

١٧ أغسطس ٢٠٢٣

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Nearing 100 sma and previous breakout zone --> Bounce into resistance and create a new low --> create divergence + confluence at the lower trendline

١٧ أغسطس ٢٠٢٣

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Also possible to retrace straight to fib target (golden pocket) before any meaningful bounce

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Cycles of the market from the Hekin Ashi viewpoint

٢٣ أغسطس ٢٠٢٣

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250 resistance next

٢٥ أغسطس ٢٠٢٣

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Likely testing 250 resistance next week which will ultimately shape up a weekly bear flag --> target fib retracement --> set in the bottom

٢٥ أغسطس ٢٠٢٣

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If bear flag is negated, tsla will set in a higher low

٣١ أغسطس ٢٠٢٣

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Forecast going into earnings