TSLA seems to have formed a very large ascending triangle after breaking out of the downsloping channel earlier this year in June.
There is a higher likelihood of it to break to the upside, especially after breaking from a long downtrend. There is a 75% chance of it being a continuation pattern, meaning, it is a lot more likely for this to break upwards.
Targets can be if it breaks upwards: - $300. -$335. - $345.
Obviously, if the bottom diagonal line breaks then this pattern is invalid.
Long term it looks more bullish than not.
What are your thoughts?
There is a higher likelihood of it to break to the upside, especially after breaking from a long downtrend. There is a 75% chance of it being a continuation pattern, meaning, it is a lot more likely for this to break upwards.
Targets can be if it breaks upwards: - $300. -$335. - $345.
Obviously, if the bottom diagonal line breaks then this pattern is invalid.
Long term it looks more bullish than not.
What are your thoughts?
Trade active:
Still active, but pull back might be near
