jojofang0901

Tesla Supercharged ? Ready to go ?

Long
NASDAQ:TSLA   Tesla, Inc


Hello everyone:

Lets take a look at Tesla's overall price action.

We see price has manage to push up to all time high around $900, then fall down significantly.

However, the latest price action started to form into a bullish structure that we are familiar with.

A double bottoms, triangle like correction is giving us a higher probability to see it as a bullish consolidation,
and once the correction is complete, we can expect further upside potential.

I see 2 possible scenario, as price has managed to breakout,
so either look for a lower time frame continuation correction,
or
price may push down to the previous lows again, but still within the triangle like structure,
expect a bullish reversal from the bottoms.

Thank you
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