Not trading advice, but a very strange observation.
Tesla has been following a general trend channel since April 4 2022 and every time I have seen a gap up with an ascending wedge, the price will tend to fall back to close the gap and continue to trend downward to touch the bottom trend channel before it climbs back up.
Examples:
April 29, 2022: Gap closes the following trading day.
May 13, 2022: Gap closes the following trading day.
Lasted Gap up:
May 27, 2002: Gap up. Will price go down to close the gap on the following trading day? There is a very high probability.
What's has been really strange are the past 2 gap up happens to fall on a Friday and the gap closes the following Monday. The latest gap up with ascending is doing the same thing again A very strange coincidence. I always believe that the stock market following a pattern of 3's so this should be the third time to happen.
My unprofessional prediction for TSLA's stock price after the first trading day of the week, is the stock price will fall to close the gap and will most likely trend to bottom channel one last time before the final jump to close the May 9, 2022 gap.
I hope that I am right. Your thoughts?
Tesla has been following a general trend channel since April 4 2022 and every time I have seen a gap up with an ascending wedge, the price will tend to fall back to close the gap and continue to trend downward to touch the bottom trend channel before it climbs back up.
Examples:
April 29, 2022: Gap closes the following trading day.
May 13, 2022: Gap closes the following trading day.
Lasted Gap up:
May 27, 2002: Gap up. Will price go down to close the gap on the following trading day? There is a very high probability.
What's has been really strange are the past 2 gap up happens to fall on a Friday and the gap closes the following Monday. The latest gap up with ascending is doing the same thing again A very strange coincidence. I always believe that the stock market following a pattern of 3's so this should be the third time to happen.
My unprofessional prediction for TSLA's stock price after the first trading day of the week, is the stock price will fall to close the gap and will most likely trend to bottom channel one last time before the final jump to close the May 9, 2022 gap.
I hope that I am right. Your thoughts?