TSLA 30 Min chart

TSLA so far has been following the downtrend that was prominent last week. I placed a retracement from the beginning of this downtrend until the end where I begun to see retracement. Price action bounced off the .382 level and continued its strong downtrend which is to be expected considering its current strength. Three things could happen based on this continuation:

1. Buying pressure comes in and forms a double bottom pattern
2. A complete ABCD pattern is formed that bounces off the 1.272 or 1.618 FIbonacci Extension Level
3. A continuation of the B retracement occurs and selling price action continues
Comment: Price action bounced off the 1.618 Fibonacci Extension Level quite accurately and there is currently a strong green bar off this bounce.



Gd job
+1 Reply
Good work
+1 Reply
DannyNoburu Carolcarr
@Carolcarr, Thank you 🙂
Great job
+1 Reply
DannyNoburu Rolandmele
@Rolandmele, Much appreciated 🙌🏼
it good job and good analysis.
+1 Reply
DannyNoburu MarleneEaglespeaker
@MarleneEaglespeaker, much appreciated 🙏🏽
Dude. I was almost considering NOT buying that dip. Then I read your description that backed mine up. We just made some money. Preciate you mane
+1 Reply
DannyNoburu SwissVegaPhyle
@SwissVegaPhyle, ayeee nice bro im glad to hear it good job 💪🏽
+1 Reply
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