Today on TSLA we bounced at the 9EMA at 768.69. TSLA started trading above the 9EMA on July 14. My ZOOMOUT chart is on the 4h candles, ZOOM chart is on the 1h.
Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates.
I'm leaning towards a bullish stance for tomorrow. There were market sell offs after the last two FOMC meetings where interest rates were hiked, so be cautious of the possible bull trap.
Watch the VIX, watch volume and make sure you have your entries and exits planned. Good luck.
Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates.
I'm leaning towards a bullish stance for tomorrow. There were market sell offs after the last two FOMC meetings where interest rates were hiked, so be cautious of the possible bull trap.
Watch the VIX, watch volume and make sure you have your entries and exits planned. Good luck.