Hi all,
I thought I'd update my Tesla chart as it has played out really well thus far from my previous analysis, not to say that it will continue of course as markets change all the time, world events take place changing investor perspectives' money flows in and out of stocks, I can also be wrong in my analysis so please do your own research too. Do not rely purely on my analysis.
I have been working hard on a new system and what you see is my work in the form of percentages, fib retracements, colour rectangles, the Williams alligator indicator for dynamic support/resistance 'n the balance of power indicator.
As we can see I'm using the 12 day chart as I find this to work well on the Tesla chart my own opinion of course.
Since the low that was formed in January '23 price have risen 113% wow what a catch if one got in around 110! Congrats.
It is now time to think about your position carefully as price is battling dynamic resistance aka the William's alligator indicator and the yellow premium zone.
If price fails to break through those key levels I see price taking out the low set in January '23 and heading to the 0.236 level potentially to the DCA zone.
Now I could be wrong but seeing price having shot up 113% I see a good chance of a pullback NOT guaranteed of course.
I see this playing out some time in '2024 - '2025 or sooner depending on investors holding or selling.
As always use common sense invest small and that which you can afford to lose.
Wishing you all the best out there!
P.S. THIS IS NOT FINANTUAL ADVICE! DYOR!
Crypto Leonard.
I thought I'd update my Tesla chart as it has played out really well thus far from my previous analysis, not to say that it will continue of course as markets change all the time, world events take place changing investor perspectives' money flows in and out of stocks, I can also be wrong in my analysis so please do your own research too. Do not rely purely on my analysis.
I have been working hard on a new system and what you see is my work in the form of percentages, fib retracements, colour rectangles, the Williams alligator indicator for dynamic support/resistance 'n the balance of power indicator.
As we can see I'm using the 12 day chart as I find this to work well on the Tesla chart my own opinion of course.
Since the low that was formed in January '23 price have risen 113% wow what a catch if one got in around 110! Congrats.
It is now time to think about your position carefully as price is battling dynamic resistance aka the William's alligator indicator and the yellow premium zone.
If price fails to break through those key levels I see price taking out the low set in January '23 and heading to the 0.236 level potentially to the DCA zone.
Now I could be wrong but seeing price having shot up 113% I see a good chance of a pullback NOT guaranteed of course.
I see this playing out some time in '2024 - '2025 or sooner depending on investors holding or selling.
As always use common sense invest small and that which you can afford to lose.
Wishing you all the best out there!
P.S. THIS IS NOT FINANTUAL ADVICE! DYOR!
Crypto Leonard.
