Could be wrong but this is what I’m seeing on TSLA today. Forming a falling wedge right at the handle of this cup and handle. The current pre market bounce is also occurring at the previous breakout resistance indicated by the two circles. I also found that this wedge is forming between the 61.8% and 78.6% fibs. Lastly, all of this is in confluence with the completion of the corrective Elliot Wave (ABC) sequence following the previous Elliott Wave (12345) impulse sequence. A break and hold bellow $680 invalidates all of this.
I'll be watching for a breakout of this wedge. Playing puts with a break and hold below $680.
I'll be watching for a breakout of this wedge. Playing puts with a break and hold below $680.
Dennis Butler Jr.