TSLA 420 Potential
Updated
TSLA in a major wedge, and the move outside of that is huge in both directions. It looks like it is breaking to the topside, but hard to say. I'd watch the trends closely.
There are a lot of ways this could go, but maybe something like this?
There are a lot of ways this could go, but maybe something like this?
Note
Congrats if you were short on TSLA. I think it's time to be greedy for bears and see if you can ride the price down to both trend support and gap closure.
Bulls, if you're buying that dip, take profits when you can and wait for a chance to buy when the odds are a little more within your favor. We're in a steep downtrend until we're not.
Price targets and trends are still pretty much unchanged for the term this chart covers.
I've discovered the mistake I made on the projection line that had it going to the upside before seeing the major downside. It has been noted and corrected for future analysis.
If you're wondering, My personal number right now as of this post submission is 132.69.
Timing a return bounce on this sharp of a dip is too difficult until we break out of the steep downtrend, so for now just note that a return bounce at some point in time (projected within the few months or so) which takes price to 226 with potential to break trend upwards, but it all depends if we close those gaps on the lower side before or after that 226 price shows.
So when I say my number is 132. I'm not saying buy or sell based on this number. What I'm saying is that at or under 145 and especially around 132, the odds of a successful trade in the bullish direction are heavily skewed in my favor. I'm also saying (with this 132 number) that if price is not near my price target, I'm more likely to screw up and lose vs pulling off profit and per my risk, I'd rather find just look for another trade, as there are plenty of other stocks and crypto which all move, percentage wise, sometimes just as much, if not more.
GOOD LUCK, and hope you make bank on your trades this week!!
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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