Get started

Lbaf

Tsla - Box is Box?I have what seems like a thousand tesla charts now...and they are all telling me tesla needs to have a seat soon. Tesla has been consolidating on the daily timeframe for quite a while now. What happens if we continue to see presistent failures at the top of box or a look above and fail on the weekly? I'd put my money on a return to value. At some point, tesla should revert back to the mean and I will be there waiting to LEAP at the opportunity(get it?). I would love tesla around the weekly volume point of control around $245 area (this may shift as the days go by). If tesla retests the weekly value area high around $314 and is rejected then we may take a trip down to VPOC town. Granted, for any of this to happen, we would need technicals to cooperate, meaning a LAAF of box and failure to hold the midpoint($384ish), as well as a turn in sentiment. This could happen this fall or next march, who knows, but I'll be there when it does. ~The Villain
NASDAQ:TSLA
by The_Villain_777
1
LLY - Beware the MotherbarTaking a closer look at the Eli Lilly chart and noticed that there is a box setup forming on the daily time frame. Specifically this box is the product of a mother bar. If you take a look the last 4 daily candles have more or less traded within the body of the XXL green candle on the left. I would be mindful of this mother bar/box in the coming week. Don't get too bulllish at the top or two bearish at the bottom. I suggest also taking a look at SPY's chart as there is a similar pattern forming, albeit a much more defined motherbar. A look above and fail of $824 could make a great short, or a look below and fail of $763(A+) or $773(B+) is a great long. The trendline also sits near that low so if the LBAF plays out that is another supporting confluence for this trade.
NYSE:LLY
by The_Villain_777
1