PrepForProfit

TSLA Evening Star & Gaps

Short
NASDAQ:TSLA   Tesla
After a parabolic advance that would make crypto traders envious, Tesla has created an Evening Star Reversal pattern which tend to mark the top of a price advance, or in this case, a potential blow-off top. Moves like this are rarely sustainable long-term so a pullback in the short-term is expected. Lower levels to watch for potential support stem from previous gaps in price, shown in red.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.