Based on recent patterns, this is the most logical way TSLA will reach $400. Smart money is using the range to build up position size for each move, trapping retail traders in the wrong direction. Retail traders buy on a double bottom, but smart money likes to push prices lower to hit their stops so they could load up on their buy orders, that is why the spring is such a narrow hammer. They are absorbing all the available sell orders so prices can't drop much.
At the top and bottom, they like to gap it up to create the urgency that you will miss the move and I actually fell for that trick a few months ago at this level. So all my knowledge is based on personal experience.
At the top and bottom, they like to gap it up to create the urgency that you will miss the move and I actually fell for that trick a few months ago at this level. So all my knowledge is based on personal experience.
Comment:
Looks like the market is going to drop for 3 weeks so Tsla will drop to 179 at the demand zone taking out double bottom traders and 200ma longs