TSLA: Ascending Triangle! How to proceed?
• TSLA is doing an Ascending Triangle chart pattern in the 1h chart. In theory, it should do an upwards breakout, but this is not a rule;
• The purple trend line is the key support, which coincides with the 21 ema, making it a key support level for TSLA in the short-term;
• If TSLA loses this support level, then it’ll probably seek the next support level around $270 - $265;
• However, by breaking the $288, which is a key resistance, as TSLA retested this level multiple times in the past couple of days and it is the gal level from Sep 22, TSLA will trigger a reversal;
• A bullish reversal would take it to the $313, the next resistance;
• For now, we must wait for more confirmation, but it seems the situation is under control, regardless of what happens next.
•
Remember to follow me for more analysis like this! Keep in touch.
• The purple trend line is the key support, which coincides with the 21 ema, making it a key support level for TSLA in the short-term;
• If TSLA loses this support level, then it’ll probably seek the next support level around $270 - $265;
• However, by breaking the $288, which is a key resistance, as TSLA retested this level multiple times in the past couple of days and it is the gal level from Sep 22, TSLA will trigger a reversal;
• A bullish reversal would take it to the $313, the next resistance;
• For now, we must wait for more confirmation, but it seems the situation is under control, regardless of what happens next.
•
Remember to follow me for more analysis like this! Keep in touch.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.