Breakout or breakdown?

146 4 4
Green box breakout, red box breakdown. If it gets into the red box I think it's going to $285. I'm already bearish on TSLA             , but this wedge is something to look at for sure.
Comment: If it can't hold right here, look for the red box.
Comment: $326 is next support. Look for a bounce or lower still
Can I ask why your top trend line doesn't include the highs in early / mid August?
Lanmar gingerheadtrader
@gingerheadtrader, cherry picking
carley621 gingerheadtrader
@gingerheadtrader, For me it doesn't matter what date you use. If you use the Aug date then you would still be in basically the same predicament your in now. I would wait to see what todays candle closes as before I would conform a breakout. If you get a gap up doji or a high wave this could be a head fake above the trend line trapping longs. I always wait for conformation. I would like a small inside day candle and trade sideways for a few day personally.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener 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