TSLA: Is This a Top Sign? Only if it Does This. 🤔
• TSLA is still in a very strong bull trend, despite the correction this morning;
• In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema;
• As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart;
• The problem is that in the daily chart, TSLA failed in breaking the resistance at $182.50;
• Even if TSLA loses the 21 ema in the 1h chart, and triggers a sharper correction in the daily chart, TSLA still has the 21 ema (D) as a mid-term support level;
• In the daily chart, the 21 ema is near the gap area at $146, making this a dual-support area;
• For now, let’s pay attention to the 21 ema in the 1h chart, and on how it’ll react now that it is almost at the resistance area around $182.50. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema;
• As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart;
• The problem is that in the daily chart, TSLA failed in breaking the resistance at $182.50;
• Even if TSLA loses the 21 ema in the 1h chart, and triggers a sharper correction in the daily chart, TSLA still has the 21 ema (D) as a mid-term support level;
• In the daily chart, the 21 ema is near the gap area at $146, making this a dual-support area;
• For now, let’s pay attention to the 21 ema in the 1h chart, and on how it’ll react now that it is almost at the resistance area around $182.50. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
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