If you look carefully at the last 2 days what do we see? Inverted hammers. Price resistance 350.
My fractal was off, because of holidays, but basically it, this was the fractal event. Which will spiral Tesla into the ABC pattern, and begin an actual bear for it or rather it will force the price to touch a major support line at 250 and 200 respectively.
TESLA is extremely desperate for cash. They increase efficiency at the price of lowered stock price. That is a fact. They grew to where they are now, but now is the time to become a better oiled machine, and that my friends will require more pain. Which will translate into more price decline.
We may still hover between 315 and 300, but one thing is for sure, Bears will be hungry for blood here, and bulls will be scared especially if price dibs below 300. If we close below 300, SHORT the living crap out of TSLA it is heading straight to 250 in a matter of days. Obviously i am no oracle, but you have to agree, this thing is so volatile.
As price will decline back to 250, and ER is fast approaching, all eye will be on it. Here is what i think is going to happen: Good sales, targets reached, BUT insane cash burn. So price jumps initially, but then the details emerge such challanges, and cashflow or god knows what. Causing the price to drop back and decline past 250 into 200 Territory for the first time.
TSLA is a pioneer, they have inspired other and they did incredible things. BUT, and a BIG BUT, all companies, without exception, go through correction phase.
So unless ER is epic, expect a MASSIVE SELL OFF. This will affect all other EV companies.
For those that need to be reminded about the bear flag:
https://www.tothetick.com/archives/2656
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
My fractal was off, because of holidays, but basically it, this was the fractal event. Which will spiral Tesla into the ABC pattern, and begin an actual bear for it or rather it will force the price to touch a major support line at 250 and 200 respectively.
TESLA is extremely desperate for cash. They increase efficiency at the price of lowered stock price. That is a fact. They grew to where they are now, but now is the time to become a better oiled machine, and that my friends will require more pain. Which will translate into more price decline.
We may still hover between 315 and 300, but one thing is for sure, Bears will be hungry for blood here, and bulls will be scared especially if price dibs below 300. If we close below 300, SHORT the living crap out of TSLA it is heading straight to 250 in a matter of days. Obviously i am no oracle, but you have to agree, this thing is so volatile.
As price will decline back to 250, and ER is fast approaching, all eye will be on it. Here is what i think is going to happen: Good sales, targets reached, BUT insane cash burn. So price jumps initially, but then the details emerge such challanges, and cashflow or god knows what. Causing the price to drop back and decline past 250 into 200 Territory for the first time.
TSLA is a pioneer, they have inspired other and they did incredible things. BUT, and a BIG BUT, all companies, without exception, go through correction phase.
So unless ER is epic, expect a MASSIVE SELL OFF. This will affect all other EV companies.
For those that need to be reminded about the bear flag:
https://www.tothetick.com/archives/2656
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
