BULLISH CRAB (harmonic pattern) is forming on a daily chart of Tesla (TSLA).
So what's in store for the carmaker?
Looks like the trend is down a few dollars ($15-17 dollars), looking to a potential Reversal Zone around $217.65.
Then, watch the price action for bullish candles and then go long aiming to reach the $272 area, which is a target completion area for this ABCD pattern.
Good luck!
So what's in store for the carmaker?
Looks like the trend is down a few dollars ($15-17 dollars), looking to a potential Reversal Zone around $217.65.
Then, watch the price action for bullish candles and then go long aiming to reach the $272 area, which is a target completion area for this ABCD pattern.
Good luck!