Two scenario for TSLA (tsla)hello guys
In upper time frame tesla has a compression on left of chart It is neither broken nor engulfed, so this makes the stock more bullish, this QM that formed on gray area occurred on last zone of that compression.
Now price is on a hidden gap area (master candle or long bar candle make it) commonly this area breaks up (because price reacted before). For breaking up this level firstly price should gather some order or stoploss. I have two scenarios:
Scenario1:
Price reaches to first liquidity pool to takes some Liquidity and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline)
Scenario2:
Price reaches to second liquidity pool and gap that price made before to takes some Liquidity (this area is so fresh that make it more important) and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline)
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