TSLA Barrier Triangle Breakout!

Tesla’s initial triangle analysis was invalidated by a larger barrier triangle which price price is now breaking out of with a pattern target of the HVN resistance at $400. Continued upside should see price ‘running the pivots’ the R5 target at $480.

RSI is getting into overbought but has room to grow.

Standard deviation Band Analysis

Price has been riding the fair value regression line for some time and appears to finally be breaking out above it. Previous breakout saw a rejection at the SD+2 threshold $500 which is now around $550, so watch out for an initial rejection here. Continued upside could see an irrational price around $1000.

SD band charts available on my Substack as I can't share here! Link in Bio, its free!