Hello traders and investors! Let’s see how TSLA is doing today!
Ok, we overestimated the bears here, and the pullback to the $ 695 as we expected didn’t happen (we missed by only $ 2). But TSLA is not in a strong bull trend anymore. It is still a bull trend, but since we lost the purple trend line the movement is starting to look more like a congestion.
That’s fine, and as long as we keep above the $ 695 and don’t do lower highs/lows, the odds are TSLA will fill the gap at $ 732.61, as we see in the daily chart:
In the mid-term, TSLA is trending nicely, and despite the movements seen in the short-term, there’s nothing to worry on TSLA. In fact, we could even assume that the congestion in the 1h chart is a Flag chart pattern.
In the worst-case scenario, TSLA would hit again its purple trendline, and this wouldn’t ruin the bullish bias in the daily chart.
If you read this far, remember to support this idea and follow me to keep in touch with my daily updates!
Have a good day!
Ok, we overestimated the bears here, and the pullback to the $ 695 as we expected didn’t happen (we missed by only $ 2). But TSLA is not in a strong bull trend anymore. It is still a bull trend, but since we lost the purple trend line the movement is starting to look more like a congestion.
That’s fine, and as long as we keep above the $ 695 and don’t do lower highs/lows, the odds are TSLA will fill the gap at $ 732.61, as we see in the daily chart:
In the mid-term, TSLA is trending nicely, and despite the movements seen in the short-term, there’s nothing to worry on TSLA. In fact, we could even assume that the congestion in the 1h chart is a Flag chart pattern.
In the worst-case scenario, TSLA would hit again its purple trendline, and this wouldn’t ruin the bullish bias in the daily chart.
If you read this far, remember to support this idea and follow me to keep in touch with my daily updates!
Have a good day!
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