Is TSLA trading in a Ascending Triangle??
The blue pattern in this chart is displaying a noticeable ascending triangle, TSLA has seen bullish support enter the market twice at the blue upward sloping line of the pattern, and on the contrary, the flat horizontal blue line has acted as resistance multiple times forming a Ascending Triangle.
There's a bullish cross on the KST where I've placed the blue finger icon, this essentially means the green line crosses over the red upward indicating buying momentum is outweighing the sell pressure.
In red I have drawn a descending triangle pattern that is noticeably similar to the RSI, it's possible this plays out bearishly, this chart is done on a 3 month log scale.
If you look at a 5 year chart there's a worrisome H&S pattern that looks like it's about to break to the downside, I will link an example.
There's a bullish cross on the KST where I've placed the blue finger icon, this essentially means the green line crosses over the red upward indicating buying momentum is outweighing the sell pressure.
In red I have drawn a descending triangle pattern that is noticeably similar to the RSI, it's possible this plays out bearishly, this chart is done on a 3 month log scale.
If you look at a 5 year chart there's a worrisome H&S pattern that looks like it's about to break to the downside, I will link an example.
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