• TSLA broke our resistance level, the purple trend line that connects the previous top levels in the daily chart, which we mentioned yesterday (the link to my previous public analysis is below this post, usual); • This means that the trend is reversing, and TSLA is about to seek the next resistances; • In the daily chart, we see the 50% retracement around the $150 area, where TSLA was during the post market, yesterday; • Although it is near its retracements, there’s not a single top sign on it yet. There’s no bearish reaction that could indicate a correction or bearish reversal ahead. So far, TSLA looks unstoppable; • What if we see a top sign under the 50% or the 61.8% retracement? Then it could correct to the 21 ema again; • The bias is still bullish, and there’s no top sign, but TSLA has yet to do a clear higher high/low in order to trigger a long-term reversal pattern; • I’ll keep you updated on this, as usual.
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Technical analysis straight from the textbook. Sharing our idea too:
Vibranium_Capital
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Keep drawing random resistance lines to fit your bias. There’s 2 main ones that matter, major trend support and resistance zones, shown in my analysis here..