Hi Traders,
TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area.
Targeting $297. If TSLA breaks $300, targeting $405
2024 is a bull market.
Happy Trading!
TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area.
Targeting $297. If TSLA breaks $300, targeting $405
2024 is a bull market.
Happy Trading!
Comment:
Trend resistance in red channel. Horizontal resistance in yellow channel.
Comment:
4H Chart shows the bullish break.