FractalTrader
Long

symmetrical triangle offers potential long setup in TSLA

NASDAQ:TSLA   TESLA INC
258 2 8
To complete the pattern, price needs to complete wave d and wave e. The long will trigger on a subsequent move back above d. The initial stop would be placed below the low of wave c, as a move below that invalidates the pattern.

This will probably take 2-4 wks to play out.
Comment: waves (d) and (e) are potentially complete as of now (sooner than I expected). It's important that price not continue to move lower. Should the low of wave (c) be violated then the setup is canceled. Once again, I am looking for confirmation of the setup in the form of price moving above 215.88 or the true wave (d) high.
Order cancelled: broke below triangle, trade invalid
Do you have another shares same?
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In case you are wrong with the long, here is my short idea:

Tesla: Triple Top 2016
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