"Autopilot" is contradictory to Tesla's own description that it " is an advanced driver assistance system." So is "Full Self-Driving Capability." The language gets people excited enough to ignore the reality, as Tesla states the features "require active driver supervision and do not make the vehicle autonomous." So please, stay in the driver's seat!
(source: www.tesla.com/support/autopilot)
On the weekly chart price came back up to retest 20sma last week and opened under this moving average today. The 20sma is now resistance. Will look for RSI on daily to move below 50.
On the 30m chart, price rebounded after a morning nosedive, and then stalled between 711-715. A 680 target, if selling continues, also aligns with the daily 20sma. RSI dipped very low this morning and does not yet show bullish divergence. While it does not always occur, it is a common pattern. the yellow line path shows a possible fifth wave down. Otherwise price will hold 710 and move up to fill the gap (green line).
(source: www.tesla.com/support/autopilot)
On the weekly chart price came back up to retest 20sma last week and opened under this moving average today. The 20sma is now resistance. Will look for RSI on daily to move below 50.
On the 30m chart, price rebounded after a morning nosedive, and then stalled between 711-715. A 680 target, if selling continues, also aligns with the daily 20sma. RSI dipped very low this morning and does not yet show bullish divergence. While it does not always occur, it is a common pattern. the yellow line path shows a possible fifth wave down. Otherwise price will hold 710 and move up to fill the gap (green line).
The daily chart shows a long bottom wick yesterday, followed by a long top wick today. While it would be great for price to head down to the 20sma, price could also chop in the 710-725 zone with earning next week. Day trades only for me.