timwest

Tesla Motors -TSLA- Daily - Key Hidden Levels 1-Year Ray Lines

NASDAQ:TSLA   TESLA MTRS INC
406 4 4
Key Levels - 1 Year Apart - Connected by a Ray and projected forward in time.

Powerful information -

Useful reference lines -

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STOXXResearch
2 years ago
Can you explain what this means?
Reply
timwest PRO STOXXResearch
2 years ago
I'm doing some research into find "real internal trendlines" that are "non standard" and "absolute" in the sense that they are NON-SUBJECTIVE. In other words, you "can't draw them incorrectly" the way most people draw trendlines - rarely do people look at a chart and draw the exact same trendline(s). This is a method that utilizes the "key hidden levels" - "quarterly levels" to then create a trendline that connects these points one-year apart and then draws a ray into the future to show the pace of advance (decline) over that one-year time frame. With TSLA, these "key hidden trendlines" seem to be very useful reference points.
+1 Reply
joseph.lombardi timwest
2 years ago
Thank you for doing this. This is something that's always bothered me about TA. Anyone get draw lines where they see patterns. It's like confirmation bias.
Reply
timwest PRO
2 years ago
TSLA is back to the bottom of the "range" ....
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