TSLA Weekly RecapMarket Structure: Price broke out of the downtrend with a strong bullish engulfing candlestick, indicating a potential reversal.
Market Bias: A healthy retracement occurred in alignment with market sentiment — this pullback may be necessary to support a stronger move toward all-time highs.
BX-Trender: The weekly histogram flipped from red to green, suggesting increased accumulation and potential for upward momentum.
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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.