โข TSLA broke our resistance level, the purple trend line that connects the previous top levels in the daily chart, which we mentioned yesterday (the link to my previous public analysis is below this post, usual); โข This means that the trend is reversing, and TSLA is about to seek the next resistances; โข In the daily chart, we see the 50% retracement around the $150 area, where TSLA was during the post market, yesterday; โข Although it is near its retracements, thereโs not a single top sign on it yet. Thereโs no bearish reaction that could indicate a correction or bearish reversal ahead. So far, TSLA looks unstoppable; โข What if we see a top sign under the 50% or the 61.8% retracement? Then it could correct to the 21 ema again; โข The bias is still bullish, and thereโs no top sign, but TSLA has yet to do a clear higher high/low in order to trigger a long-term reversal pattern; โข Iโll keep you updated on this, as usual.
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