Tesla has hit the big H&S neckline today and is already resisting as I race to prepare this chart.
I exited my Tesla trade picked up at 111.77 too soon, clearly, and am very butt hurt about it. Oh well.
My fortune cookie this morning said, "The circus is in town, but one will find that it leaves just as fast as it arrives."
I'm bullish Tesla long term, but this move is begging for a pullback.
Just thought I send out a quick warning into cyberspace for ya'll.
I exited my Tesla trade picked up at 111.77 too soon, clearly, and am very butt hurt about it. Oh well.
My fortune cookie this morning said, "The circus is in town, but one will find that it leaves just as fast as it arrives."
I'm bullish Tesla long term, but this move is begging for a pullback.
Just thought I send out a quick warning into cyberspace for ya'll.
FOMO is still running strong it seems, so it still has some power to go higher. That's the risk.
There is some RSI divergence happening on the 30min to the 4h charts signaling a bearish move ahead.
The MACD is deceptive on 30min to 1h time frames that show a possible rally.
Which one is telling the truth? Only through the ultimate power of hindsight will we know.