Tesla is in a good position for launch

It looks like the price has been comfortably hovering in the resistance pocked of $710 and $780 with no signs of slowing down.

I believe we're in Phase D of the Wyckoff Accumulation Schematic #2, getting ready to break out of the trading range.

Comment:

As expected - a nice bounce after yesterday's weak selloff.
We're almost at the point of SOS in Phase D and breaking above the resistance level set by the AR at $717 and the HH at $780. Once we reach this phase and see the dip down I'll add to my position in preparation for a strong markup.

Comment:

Price broke out of the channel as expected. So what's next? We chop for a bit before we head to the final Phase E and the long-awaited markup.

Comment:

Nothing to update, my zigzag drawing matches perfectly the pump.