Tsla H&S Short

Tesla, Inc.NASDAQ

Description

⋅ Sep 17, 2021 9:13 PM

Fibonacci 0.382 =762.53
cant get passed it!!!..
This type of consolidation always creates H&S.
You might get a green opener Monday, do your self a favor and close those calls. Next week Starts max pain for all Nasdaq traded stocks..

Right shoulder has formed a bearish rising wedge.

Comments

ChartMeNot

⋅ Sep 18, 2021 5:51 AM

0.382 of what? Just trying to learn.

ContraryTrader

⋅ Sep 18, 2021 11:37 AM

@ChartMeNot
Retracement using

Jan 25 high

March 5th low

ChartMeNot

⋅ Sep 19, 2021 3:38 AM

@ContraryTrader, I see, that's the .618 in my world. And yes that's still bearish, but .382 (677.36) would be more bearish.