jangseohee

TSLA, watch out for the neck line

NASDAQ:TSLA   Tesla, Inc
Few days ago, i just learn from a trader friend that this is not a Classical H&S because there shouldn't be anything on the left. Hence i call this as Pseudo H&S

Nevertheless, price wants to break the neckline but was rejected twice within a span of 3 trading days as can be seen from the wicked.

A close below 50ema would be an evening star rejection which would translate into a short for me.

P.S.: Always take note of potential false break out to test the slanting resistance, break the resistance to fill some gaps.