Tesla stock (TSLA) is right now at a strong monthly support level. Think! Everybody is gonna be watching this! Well, I mean everybody who is sensible enough to watch key support levels at higher time frames. I'm not saying that everybody needs to play monthly time frames. What I am saying is that the strong level of support creates good probability for a bounce north on a lower time frame such as 1H to 6H. The choice and risk are yours. Just to be clear - this is not a prediction! Jeez. You can't know if price will go to 150 and then rebound. I suspect that big investors are likely to weigh in in the price range down to the 150 level.
I agree with your analysis. That's my opinion. In my analysis, this is a second fractal. If this is correct, we are now at the end of the correction. Also, the lower part of the channel projected onto the ATR axis is located here.
I agree with your analysis. That's my opinion. In my analysis, this is a second fractal. If this is correct, we are now at the end of the correction. Also, the lower part of the channel projected onto the ATR axis is located here.