TESLA - Possible Reversal! (long-term)

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on DAILY: TESLA is sitting around strong round number 900-1000 in green so we will be looking for sell setups on lower timeframes.

on H1: TESLA is forming a trendline in red (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the green zone, till 1000.0 before going down.
we also have this channel in gray, so the bulls may start another bullish impulse by breaking the upper gray trendline upward.

Good luck!
This analysis is done using RichTL indicator

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Significant analysis
+3 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1, thank you so much!
Never bet against papa Elon
+2 Reply
@la513abc, Elon is King!
went parabolic, however a lot of desperate bulls out there so may push this
higher still to 950/1000 USD before major reversal. this name is on my radar as well.
+2 Reply
TheSignalyst ProjectSyndicate
@ProjectSyndicate exactly 👌
I see bullish flag!
+2 Reply
conormcgurk1 TopTradingSignals
@TopTradingSignals, good call!
TheSignalyst TopTradingSignals
@TopTradingSignals right in gray 👌
btgraph TopTradingSignals
@TopTradingSignals, Tesla is always bullish!
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