Tesla Inc., after a significant 38% correction, formed a reverse H&S pattern at the bottom, with the target of increasing by 24% to the price level of $ 875. The trade is short-term, I suppose that we will reach the target quickly. I do not recommend staying in paper for a long time.
Trade closed: stop reached
The right shoulder is formally pierced, the pattern is broken. However, I remain in position, I will not increase the volume anymore.
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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.