Hey there,
like the post please and follow me here on TV, it really helps me out!
All details are explained on the chart, so please take a closer look.
I won't get into detail here.
Very important will be the gaps drawn on the chart in my opinion. Most likely to be filled once TSLA breaks support!
The line in the sand is $1000 which will very likely hold with ease.
This scenario is only likely if the stock market as a whole shows weakness over the next few days and weeks.
Tesla will of course neglect my technicals, if SPY and DJI show strength.
There is the possibility to take a short now, since price is being rejected of the descending trendline on the top.
You could also wait for another retest of the bottom support line, a break and a short on the retest of the trendline.
Thank you and all the best.
Cheers,
Konrad
like the post please and follow me here on TV, it really helps me out!
All details are explained on the chart, so please take a closer look.
I won't get into detail here.
Very important will be the gaps drawn on the chart in my opinion. Most likely to be filled once TSLA breaks support!
The line in the sand is $1000 which will very likely hold with ease.
This scenario is only likely if the stock market as a whole shows weakness over the next few days and weeks.
Tesla will of course neglect my technicals, if SPY and DJI show strength.
There is the possibility to take a short now, since price is being rejected of the descending trendline on the top.
You could also wait for another retest of the bottom support line, a break and a short on the retest of the trendline.
Thank you and all the best.
Cheers,
Konrad
