Tesla Poised for a breakout
Been forming a symmetrical wedge since early August. Had an attempted breakout which failed on Oct 1.
MACD narrowing, MACD line is now almost back to the lack of the level it was Aug 11 whcih was just before its earlier breakout
New RSI support line is being created and it's come back again. Third touch to see if it is confirmed as support.
Last two days are nearly perfect Fib retracements from .236 to .382
POC for the Wedge pattern is actually above the current price.
Looking bullish
MACD narrowing, MACD line is now almost back to the lack of the level it was Aug 11 whcih was just before its earlier breakout
New RSI support line is being created and it's come back again. Third touch to see if it is confirmed as support.
Last two days are nearly perfect Fib retracements from .236 to .382
POC for the Wedge pattern is actually above the current price.
Looking bullish
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