Happy Hump Day Traders. In this video analysis, I covered why I'm now short term bearish on Tesla.
1) cover the bear flag
2) Overbought Stoch RSI
3) Wave Trend overbought, and also showing bearish AB-CD Pattern
4) Double Top
5) Base Formed already, breakout from bear flag could give way to Handle (cup/handle)
Not trading or investment advice.
1) cover the bear flag
2) Overbought Stoch RSI
3) Wave Trend overbought, and also showing bearish AB-CD Pattern
4) Double Top
5) Base Formed already, breakout from bear flag could give way to Handle (cup/handle)
Not trading or investment advice.
Note
There is also a bearish bear flag forming on Note
profit taken hereNote
targeting 248 here at the .50 level, but ready to take profits if the 1hr stoch rsi gets oversold which ever comes first for meNote
if the bearish divergence continues through the apex, anticipate a retrace back to the opening 250.75.. be careful out hereNote
that bear trade still on Note
2hr overbought wave trend, looking for a retrace back to the .50 fib level at/near 248Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.