I called this pattern out on Nov 21st, and it is going exactly as planned. See my previous post.
On Nov 21st I had a price target of around 140.90, which TSLA is on track to hit. Why?
Well on November 7th, TSLA broke a significant support line around $200 (Thick red line), initiating a H&S pattern. It fell to 179 and tried to return to this major support line twice, failing each time.
Today it broke 2 significant support lines the bottom thick blue line and second orange line at ~$166.
My price target is still 140.9
On Nov 21st I had a price target of around 140.90, which TSLA is on track to hit. Why?
Well on November 7th, TSLA broke a significant support line around $200 (Thick red line), initiating a H&S pattern. It fell to 179 and tried to return to this major support line twice, failing each time.
Today it broke 2 significant support lines the bottom thick blue line and second orange line at ~$166.
My price target is still 140.9