TSLA is at a critical point with the volume shelf and other factors that could mean either direction.
Bull Case:
Bear Case:
So:
If Bulls Win... (price breaks $1,037)
If Bears Win... (price breaks $1,021)
Bull Case:
- Retesting Breakout Level
- Falling Wedge on Daily/65m
- Bullish Divergence on 65m
- Some Bollinger Band squeezing on 65m
Bear Case:
- Net Premium flow favors puts heavily
- Bearish Engulfing Candle on Weekly
- MACD crossing down on Daily
- Hidden Bearish Divergence on Daily that may not have completely played out
- May be slightly below volume shelf - next shelf at $912
- Diminishing Volume on Daily
So:
If Bulls Win... (price breaks $1,037)
- PT1 - $1,045
- PT2 - $1,065
- PT3 - $1,087
If Bears Win... (price breaks $1,021)
- PT1 - $1,011
- PT2 - $1,000
- PT3 - $1,090
Note
PT3 for the bear case should say $990, not $1,090
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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.