Future daily inverse H&S in TESLA? CPI reading could be decisive
Updated
The recent rally of Tesla could be unstoppable. At least, until $316.10 level. A formation of an inverse head and shoulders could be underway should inflation lay low next Tuesday 14th of February CPI reading. However, in the context of high tensions between China and the US and Russia and Europe; other variables may affect the market destroying any prediction based on Chart Patterns. That is why, the support level of $166.47 should not be lost to continue believing in the beautiful bullish figure of the inverse H&S.
The level $258.58 could act as a resistance after the figure is completed, dragging TSLA down following the downtrend channel since Nov 3, 2021.
Let's see how it develops!
The level $258.58 could act as a resistance after the figure is completed, dragging TSLA down following the downtrend channel since Nov 3, 2021.
Let's see how it develops!
Note
Is 6.4% an inflection point, meaning next month's reading is going to be higher than 6.4%? Maybe this is what investors are wondering now.
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