TSLA consolidation before the big move
After a huge run, TSLA is going thru a healthy consolidation - typically post earnings up until its next earnings (2-3 months). Dont buy into the fear mongering hype
Not picture perfect but overall looking to retest the previous breakout zone which could align with the lower trendline
Potential inverse head and shoulders on the weekly
Not picture perfect but overall looking to retest the previous breakout zone which could align with the lower trendline
Potential inverse head and shoulders on the weekly
Note
Nearing 100 sma and previous breakout zone --> Bounce into resistance and create a new low --> create divergence + confluence at the lower trendline
Note
Also possible to retrace straight to fib target (golden pocket) before any meaningful bounce
Note
Cycles of the market from the Hekin Ashi viewpoint
Note
250 resistance next
Note
Likely testing 250 resistance next week which will ultimately shape up a weekly bear flag --> target fib retracement --> set in the bottom
Note
If bear flag is negated, tsla will set in a higher low
Note
Forecast going into earnings
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.