Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
TSLA has been hovering inside a range between the $200 support and $300 resistance.
Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support.
๐น Hence, as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes.
On H1: Right Chart
๐ For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0
๐ Meanwhile, TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On Weekly: Left Chart
TSLA has been hovering inside a range between the $200 support and $300 resistance.
Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support.
๐น Hence, as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes.
On H1: Right Chart
๐ For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0
๐ Meanwhile, TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal