Tesla, are more falls expected?
Updated
Hello everyone, on the chart we see how Tesla has bounced off the 1800s border.
It seems to be forming a descending triangle, which if broken would take us to 1300 zones in the first instance, and if it did not hold we would possibly visit the lower part of the channel.
On the other hand, EP Change Index still remains above line 0, the long-term trend remains intact at the moment. Zenith shows no signs of recovery and could indicate further declines for the near term at the moment.
Therefore, I would avoid any purchase until Zenith shows no signs of recovery, or Change Index marks us as a possible entry sign.
It seems to be forming a descending triangle, which if broken would take us to 1300 zones in the first instance, and if it did not hold we would possibly visit the lower part of the channel.
On the other hand, EP Change Index still remains above line 0, the long-term trend remains intact at the moment. Zenith shows no signs of recovery and could indicate further declines for the near term at the moment.
Therefore, I would avoid any purchase until Zenith shows no signs of recovery, or Change Index marks us as a possible entry sign.
Note
Finally, confirmation of entry for Tesla !!. Better wait for confirmation, no guesswork!
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Get your free trial for 30 days .
Consulta más indicadores en nuestra web epindicators.com Consigue tu prueba gratuita por 30 días.
Síguenos en Youtube: @epindicators
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