TSLA, forest picture (2 potential paths)
First of all, i hope you guys shorted it when the "smaller head" neckline was a resistance :-)
This gap down today helps me to see the forest picture alot.
1. Price is contained in red channel, if the channel is valid, price will not rest until it hits around 178 area.
2. From then on, one of the potential path is. price rebounce strongly to make a potential right shoulder (in which Nasdaq will make all time high)
3. Or, price continue to plunge ll the way down to 130 area and retest 178 (which fulfills only double top and not H&S)
4. ~178 is an interesting S/R zone, i am watching the bullish divergence closely
This gap down today helps me to see the forest picture alot.
1. Price is contained in red channel, if the channel is valid, price will not rest until it hits around 178 area.
2. From then on, one of the potential path is. price rebounce strongly to make a potential right shoulder (in which Nasdaq will make all time high)
3. Or, price continue to plunge ll the way down to 130 area and retest 178 (which fulfills only double top and not H&S)
4. ~178 is an interesting S/R zone, i am watching the bullish divergence closely
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.