I have what seems like a thousand tesla charts now...and they are all telling me tesla needs to have a seat soon.
Tesla has been consolidating on the daily timeframe for quite a while now.
What happens if we continue to see presistent failures at the top of box or a look above and fail on the weekly? I'd put my money on a return to value.
At some point, tesla should revert back to the mean and I will be there waiting to LEAP at the opportunity(get it?).
I would love tesla around the weekly volume point of control around $245 area (this may shift as the days go by). If tesla retests the weekly value area high around $314 and is rejected then we may take a trip down to VPOC town.
Granted, for any of this to happen, we would need technicals to cooperate, meaning a LAAF of box and failure to hold the midpoint($384ish), as well as a turn in sentiment.
This could happen this fall or next march, who knows, but I'll be there when it does.
~The Villain
Tesla has been consolidating on the daily timeframe for quite a while now.
What happens if we continue to see presistent failures at the top of box or a look above and fail on the weekly? I'd put my money on a return to value.
At some point, tesla should revert back to the mean and I will be there waiting to LEAP at the opportunity(get it?).
I would love tesla around the weekly volume point of control around $245 area (this may shift as the days go by). If tesla retests the weekly value area high around $314 and is rejected then we may take a trip down to VPOC town.
Granted, for any of this to happen, we would need technicals to cooperate, meaning a LAAF of box and failure to hold the midpoint($384ish), as well as a turn in sentiment.
This could happen this fall or next march, who knows, but I'll be there when it does.
~The Villain
~The Villain
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~The Villain
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.