[TSLA] Looks Like We've Found TSLA's Down Channel
Updated
Pretty wild waterfall here... too bad SPX got priced in at the top.
500-600 range seems reasonable for loading more.
We'll never see under 400 again.
500-600 range seems reasonable for loading more.
We'll never see under 400 again.
Note
TSLA touched the orange uptrend fractal exactly haha, also wth is going on here? Did TSLA really just quickly spike up to $875 today? Is this candle and error? Not visible on smaller TFs, very weird.Note
Predicted downchannel fractal held exactly, just press play...Note
What a trip, we may jut be breaking out of this down channel or will we be rejected?Note
Not looking entirely promising yet...Note
We should find out soon...Note
Seeing how well that first downchannel held up, this iteration should do well too...Note
What a beauty, just kissed the next mid-channel, look for rejection/breakout around that point...Note
Just launched off SMA 987 on the 15m for the first confirmed break above since the peak. If we start going back above 700 we likely got some room to run with this strong foundation...May need a day or two for better confirm but seems like a nice inflection point here.
Note
We broke under SMA 144 and now sitting right on EMA 186, if we break under this, we're heading back to test the SMA's 377 and 987 for a bigger bounce or break back under...If we X back above SMA 144 from here with momentum, could be a great buy signal.
Note
SMA 144 HELD and now sitting right back on SMA 55 but with SELL power strengthening here we will probably at least test EMA 186 again, maybe drop down to $660 range where we have the SMA 377 and 987 waiting to provide some solid support for a potential bounce...Note
Ran into the next fractal, probably loading for another breakout...Note
You can't make this stuff up guys, downchannel fractals still hitting nicely...
Data analyst with a passion for best fit lines B)
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