TSLA: About to CRASH again? Pay ATTENTION to these key points!
• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110;
• This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered;
• This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart);
• Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction;
• The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart;
• These are the main key points to watch on TSLA for now. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered;
• This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart);
• Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction;
• The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart;
• These are the main key points to watch on TSLA for now. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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