Good patterns above the retracements! ๐
Yes, in the first candlesticks of the day Tesla closed above the 580 we talked about yesterday, and it was a powerful candle, btw! Powerful enough to create a divergence between price/rsi!
Tesla also did a bullish reaction above the fibs retracement, which is great! Now the only thing that would made me believe itโll drop to the 540 is if it breaks the 577 again, and this will be a dead cat bounce. If not, then the 635 is the next stop for us.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
Tesla also did a bullish reaction above the fibs retracement, which is great! Now the only thing that would made me believe itโll drop to the 540 is if it breaks the 577 again, and this will be a dead cat bounce. If not, then the 635 is the next stop for us.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
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