TESLA the price is forming a triangle like structure, I expect the price to range for some time and If price manages to break above the structure(triangle) I expect the price to move higher. In case, If price breaks below the support, It will be a very big bearish sign for TSLA..
Contrary to popular opinion, a descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern.
Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
I don’t know. As much as I would love TSLA to break higher, that pattern looks like a descending triangle and on the monthly the MACD looks like it’s gonna go bearish
hieuimba
⋅
@sftimeless, yes, contrary to popular beliefs multiple retests of a level actually weakens it
wordsforthewise
⋅
That's a descending triangle. It's bearish. Same as dogecoin