TSLA in APEX of Symmetrical Triangle
Here we are looking at TSLA on the Daily TF…
As you can see, TSLA has been trading within a symmetrical triangle since November of 2022.
After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of the structure.
While my stance is currently neutral on which direction TSLA will break, it is clear that there will be a break of this structure in the coming days. If TSLA breaks down, we can expect it to make a move to its lows made in January of 2023. However, if it breaks upwards, I will look for it to run into resistance at the macro down sloping resistance line…
I will continue to monitor its development, and update you all as I see fit!
What do you think TSLA will do next? Let me know in the comments!
Cheers!!
As you can see, TSLA has been trading within a symmetrical triangle since November of 2022.
After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of the structure.
While my stance is currently neutral on which direction TSLA will break, it is clear that there will be a break of this structure in the coming days. If TSLA breaks down, we can expect it to make a move to its lows made in January of 2023. However, if it breaks upwards, I will look for it to run into resistance at the macro down sloping resistance line…
I will continue to monitor its development, and update you all as I see fit!
What do you think TSLA will do next? Let me know in the comments!
Cheers!!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
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