zuralski

BULLISH CRAB pattern on TESLA (Down then Up)

NASDAQ:TSLA   TESLA INC
213 2 3
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!
Hello,

This is a retracement pattern as the crab harmonic pattern goes beyond the X point to an extention pattern: http://www.fxgroundworks.com/crab-pattern/

Your XA ratio is missed so this pattern is not a harmonic pattern since the fib ratios didn't line up.
Reply
looks like today after touching 210, it reversed. let's see if it holds 217 level tomorrow.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out