Is it time to change direction?
The overall trend is positive since 16 March 2020
A negative head and shoulders pattern on the daily frame could push the price further down.
The last candle was negative and showed just how strong the bears are in dominating the market.
84.00 The technical objective of the model
The final goal is to touch the...
Update to previous analysis
Tesla Corporation stock
1- A breakout of the positive triangle pattern
2- The daily breakout candle was of high momentum
3- A re-test and a positive candle supports the rise and shows the control of the buyers in today's session
The pair formed a descending triangle pattern that supports the current trend on the hourly frame
To enter directly or await a break of the support level 86.50 to enter
Stop loss 87.20
The stock is trading inside a positive triangle pattern
Awaiting the breach of 715.86, which represents an important resistance level, in order to open the way for the next levels to rise
Or wait for a break of the 590 level to enter selling operations
The general trend is still down
Currently, the bullish correction has been completed and the Demark trend has been breached, and a high momentum candle has been breached on the four hour chart.
Traders can enter directly or wait for a re-test
1.3384 touching the uptrend
Technical and fundamental analysis of gold
From the technical side
After the pressure of the bears in the selling process, which brought the price to $ 1680 twice, the bulls began to breathe a little and returned the price to $ 1745 twice as well, which brought investors into a casual rally for a whole month.
Also, the area between 1680 and 1745...