Tesla
Long

TSLA four-hour chart shows a potential Gartley harmonic.

Updated
TSLA is forming a potential bearish Gartley on the four-hour chart, which would result in bullish price action on the C to D leg, as long as point C on the chart holds. Point C on the chart also corresponds to the daily 200 SMA, and is right above the psychological $200 level, which adds confluence to the long entry at $202.50. snapshot
Trade active
Profit taken at the .5 retracement and into the .618 retracement.
Trade closed: target reached
TSLA traded up to, and beyond, point D of the harmonic. All targets have been reached, and I am reloading long on dips to daily demand.
Bearish GartleyChart PatternsgartleypaternGartleyHarmonic PatternsTesla Motors (TSLA)tslaanalysistslalongtslashort

Also on:

Related publications

Disclaimer