If we break 120 resistance target is 124.50; likely pull back to 110 level before end of year though; watch the trend line price action volumes
RSI and price action have divergent megaphone structures; Im looking for a new high this week, and then sideways through holidays and a sideways 2021 until Covid mostly done
Updated Trend Map
Double logarithmic pattern ends Monday2pm EST; medium term breakout by Wednesday Morning
Three Wedge Patterns Identified; Wedge #1 Rising Bottom, Falling Top; Wedge #2 Rising Top, Rising Bottom; Wedge #3 Falling Top Falling Bottom Wedge #1 Bull 8 Bear 1 Wedge #2 Bull 0 Bear 2 Wedge #3 Bull 5 Bear 0 Conclusion: For $tsla, historical patterns indicate Wedge 1 and 3 are correlated with Bull breaks; Wedge 2 does not have...
Uncertain Trends; Very Clear Megaphone in RSI, Likely Bearish but trends are very divergent
48 hour trends; bears in control; 1 month uptrend broken
We look to be starting a sideways market early, in terms of time and gains; although its possible these last 4 years were a hiccup on the larger time scale, the market should have been due for better gains.
Bull thesis needs to see strong movement above Upper Down Trend by end of Friday or Monday; If not, Bears have a case by end of session Monday, if we are lingering below upper down trend, Tuesday 20th may be rough, down day based on hard technicals.