Tesla Bearish Symmetrical Triangle ready to collapse to $160? I am a big advocate for Tesla shares but I don't think the world crash will hold even this car giant.
So, technically it's in a Symmetrical Triangle and it's currently in a range. It will continue to go down to the bottom of the range at around $160.
But if the price breaks below that, we can see $100 for the Auto Giant - which I hope we don't see.
Let's see how it goes.
Worldcrash
Microsoft crashing with the world markets $322 on the cardsInv C and H has formed on Microsoft.
We have seen a cosnsistent downtrend forming (Safety line).
And we have an uptrend (action line) that has broken.
So once price goes below 200MA, we could see a huge crash for Microsoft.
NATURE: Medium Probability due to:
Price<20
Price>200
Target 1 will be at $322.62
With Israels conflict exacerbating and with the interest rates staying put which is leading to less buying and more saving, we can continue to see world markets crash along with Crypto in the week coming.