Tesla has a Cup&Handle target of 500 dollars

3 Eki

Hello Tradingview people!

Before i explain my idea... I just want to make it clear this is an idea and nothing more! if TSLA doesn't do this specific pattern I'm showcasing, then don't come crying to me (Do your own research before investing)

Alright it's fairly simple as you can see.. Tesla is atm making a classic "Cup and handle" pattern that's famous in the TA world! This certain pattern (on my chart at least) has a target of 450-550 dollars.

Could this fail? Of course.. Some say a "cup and handle" pattern has a success rate of 95% but some other sources shows around the 70% mark (so I guess 70-95% chance)

I will update this post in the near future to see if its still "working" or if Tesla has completely dumped to hell and destroyed our "cup" - we shall see.

Please leave a friendly comment and share your opinion down below! (ty)

NFA DYOR <<<----

4 Eki

Not

Tesla is moving up (IMO) because of the rising wedge we are currently riding up.
Resistance: 250-255 atm and overall we need to not break the 235 floor because if we do = bearish pattern in play and that's something we don't want (unless ur bearish)
NFA DYOR

13 Kas

İşlem aktif

looking great