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FrancescoMerlettini
Nov 25, 2021 8:12 AM

#TSLA - Price moving within a consolidation triangle! Long

Tesla, Inc.NASDAQ

Description

Hi All, my main 3 take-outs from this analysis are the following:

1- Price action is maturing within a symmetrical triangle which looks like being a continuation triangle pattern. I would not be surprised if the price might touch again the up red trendline and break it upwards with volumes by mid-December

2- First target following this possible breakout would be approximately 1490-1500$

3- The target given by the triangle is also matching with the first extension leg of fibonacci expansion tool

Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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