For the majority of the calendar year TESLA has been in a range between $220 - $365 with a clear midpoint of $295.
From March to the beginning of May TESLA bounced between range low and the midpoint until finally breaking through into the upper half of the range where it has stayed ever since. However, there is a clear diagonal resistance level that is preventing higher highs.
So will TESLA breakout, or will it lose the midpoint? Structurally it is clear that the bulls have a set level they are happy to buy at (Midpoint) but the bears are getting more aggressive with their selling, hence the lower highs. This compression inevitably leads to an impulse move but the direction is not so clear.
Bullish scenario: A clean breakout with volume that makes a new higher high, signaling a shift in structure. A pullback and retest of the breakout would be an ideal opportunity to go long and aim for that range high before expecting resistance.
Bearish scenario: The lower highs keep printing until the midpoint is lost and price accepts below it, that would then signify to me the new trading range is between Range Low and Midpoint.
The fakeout scenario is a risk but with price so close to the midpoint already it follows the same invalidation criteria as the bullish scenario, the midpoint is vital to both sides.
From March to the beginning of May TESLA bounced between range low and the midpoint until finally breaking through into the upper half of the range where it has stayed ever since. However, there is a clear diagonal resistance level that is preventing higher highs.
So will TESLA breakout, or will it lose the midpoint? Structurally it is clear that the bulls have a set level they are happy to buy at (Midpoint) but the bears are getting more aggressive with their selling, hence the lower highs. This compression inevitably leads to an impulse move but the direction is not so clear.
Bullish scenario: A clean breakout with volume that makes a new higher high, signaling a shift in structure. A pullback and retest of the breakout would be an ideal opportunity to go long and aim for that range high before expecting resistance.
Bearish scenario: The lower highs keep printing until the midpoint is lost and price accepts below it, that would then signify to me the new trading range is between Range Low and Midpoint.
The fakeout scenario is a risk but with price so close to the midpoint already it follows the same invalidation criteria as the bullish scenario, the midpoint is vital to both sides.
노트
Tesla closes out the week above the trendline and so far looks to have broken out. Monday will give an indication if this move will stick.
노트
TSLA approaching bullish breakout target 거래청산: 타겟 닿음
Smashed through Target zone for a +23% trade 
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.