TeslaUpdated TSLA - Head and shoulders top? or Bull flag?
Both could be true
A bear rally could stay within the channel and bump up underneath the (alleged) neckline at around ~$230
Would not consider buying TSLA until a clear break of the yellow trendline
will follow up with a shorter time frame if the yellow line is broken with an more in depth view, like a 4 hour time frame
A bear rally could stay within the channel and bump up underneath the (alleged) neckline at around ~$230
Would not consider buying TSLA until a clear break of the yellow trendline
will follow up with a shorter time frame if the yellow line is broken with an more in depth view, like a 4 hour time frame
Note
a break of the channel to the downside could see support at ~$130 range and a short opportunityNote
Well the neckline has broken, channel has broken, and price is nose diving through that initial support i was expecting at $130. Rest of thought on chart
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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.