EliteTrader101

TSLA prediction for next week

NASDAQ:TSLA   Tesla
I think price will break below Friday's low and come right back in to form a W pattern, then it will chop sideways for two or three days to build up orders so it can break below the range on the left of the chart. They break below Friday's low to get weak handed sellers to short, then turns them into buyers when it breaks out of the range into the supply zone providing liquidity for smart money. The breakout to the upside also lures buyers which adds even more liquidity for smart money. Once there are no more buyers left, smart money will start marking down prices aggressively forcing the trapped longs to sell adding more sell orders to the cause. Target will be gap fill.
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