First off.. that weekly candle was horrendous
Rising wedge here.. you can see it on the rsi as well
The target of this rising wedge is 300 or daily 200sma..
Lets see how wed get there..
We would need to break below 330.00.
351-355 will be strong resistance if you see a test up in that area I would open a short for 330... cover at 330 and wait for the break below to short for 300
The sector tsla trades under is XLY..
I was saying for the last few days that tsla will have trouble unless XLY could clear 218.. now XLY has finished with a similar weekly reversal candle
Rising wedge here.. you can see it on the rsi as well
The target of this rising wedge is 300 or daily 200sma..
Lets see how wed get there..
We would need to break below 330.00.
351-355 will be strong resistance if you see a test up in that area I would open a short for 330... cover at 330 and wait for the break below to short for 300
The sector tsla trades under is XLY..
I was saying for the last few days that tsla will have trouble unless XLY could clear 218.. now XLY has finished with a similar weekly reversal candle
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Related publications
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.