Tesla has recently been in the news with there new trucks. Traders are taking there profits and are closing positions. Right now there is a reverse cup and handle formation evolving. When looking at the MACD and the Stochastic there is a light confirmation.
Keep an eye out on this one, to go for a long position.
Tesla has recently been in the news with there new trucks. A lot of traders are taking there profits and are closing there positions.
Right now I see a clear reverse cup and handel. This means there will be a buying opportunity. The Macd and stochastic do confirm this already, however in a light version.
You see that the Fib lives match with the candle formation. The overal trend line is an bearish one. It will shortly go to around the € 18,5 mark but shortly will fall back, due to the price (MACD)
This could be a perfect example of a inverted cup and handle. This because it has been hovering under the first resistance line and is making an arched. Probably will drop till the first support and worst case will drop to second support line.
So if you like swing trading, this is it! Short than long.
This is a real cycle, first testing the support and resistance wile slowly going to try end the pattern by becoming bullish. Great hedge when you take bitcoin on the long trem. What do you think?
