kschiangb6

Bullish Cypher Pattern Forming On TSLA

Long
NASDAQ:TSLA   TESLA INC
A Bullish Cypher is forming on the daily charts of Tesla Motors Inc. ( TSLA ). Currently, price has completed the initial extension leg AB and CD when it is making a reversal at the 127.2% and 141.4% extension zone. The next leg, if the pattern is to remain valid, is a move downwards towards the 196.73 area where it meets the 78.6% Fibonacci Retracement level of the A-C leg.

For more details of Cypher Patterns and their formation rules, please visit http://SimplyChartPatterns.com/harmonic-...

Comments

Currently, price is testing point C again. If it closes above point C and the 141.4% level, I'll consider this formation invalidated.
Reply
Good call.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out