TSLA, Dropping prices!
Hello traders. Tesla has been consolidated and tomorrow we might have a dowtrend, by the way the gap could be negative!
The prices might drop from 751 (PP) to 738(S1), to 716 (S2). hoping that prices don't break at 702 that it would confirm a new drop to 620, not tomorrow, but during this week.
On the high side, we could have 774 to 785, conditioning that the prices bounce on the pivot Control point, pivot point 751
All this is to keep the technical reversal of the last uptrend.
If the support of the prices doesn't work, the prices will go strongly down. But if the support works, we will continue with the natural transition to go higher in a short term.
Please keep checking the trend, pivot point levels.
The key. The prices should bounce on the pivot level to go higher.
The prices might drop from 751 (PP) to 738(S1), to 716 (S2). hoping that prices don't break at 702 that it would confirm a new drop to 620, not tomorrow, but during this week.
On the high side, we could have 774 to 785, conditioning that the prices bounce on the pivot Control point, pivot point 751
All this is to keep the technical reversal of the last uptrend.
If the support of the prices doesn't work, the prices will go strongly down. But if the support works, we will continue with the natural transition to go higher in a short term.
Please keep checking the trend, pivot point levels.
The key. The prices should bounce on the pivot level to go higher.
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