-I notice that prices are also testing the major downtrend line (red line) (falling tops) of the asset. At the moment this line is serving as support. But for how long?
-The question that remains is: Will the uptrend line (yellow line) that started in January hold prices back? She is very close to reaching.
-Using "SETUP", it suggests two points of support that prices have to respect if they don't want to fall even more. These support points are: 231.54 and 198.29.
-I believe in these points as a support zone, since the "SETUP" used is pointing out that on the monthly chart we are in a moderate upward trend, therefore, a test at the "head of the pivot" of the monthly chart's high at 217.65 is quite plausible, even with a possibility that prices make a nice trap for bears in the region of 188.66?
-According to the daily chart, things are heavy in the current scenario, where, according to the "SETUP" used, prices are strong enough to reach the "TRIPLE GOLDEN SETUP" region at 198.85. However, for that to happen, it has to lose the region of 217.65.
- So for the moment we have:
a) Support: 231.54 and 198.29
b) With the loss of the supports above, we have the following destinations: 217.65 and 185.43.
-Below are more TSLA reviews worth reading:
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See below for other graphic analysis.
-The question that remains is: Will the uptrend line (yellow line) that started in January hold prices back? She is very close to reaching.
-Using "SETUP", it suggests two points of support that prices have to respect if they don't want to fall even more. These support points are: 231.54 and 198.29.
-I believe in these points as a support zone, since the "SETUP" used is pointing out that on the monthly chart we are in a moderate upward trend, therefore, a test at the "head of the pivot" of the monthly chart's high at 217.65 is quite plausible, even with a possibility that prices make a nice trap for bears in the region of 188.66?
-According to the daily chart, things are heavy in the current scenario, where, according to the "SETUP" used, prices are strong enough to reach the "TRIPLE GOLDEN SETUP" region at 198.85. However, for that to happen, it has to lose the region of 217.65.
- So for the moment we have:
a) Support: 231.54 and 198.29
b) With the loss of the supports above, we have the following destinations: 217.65 and 185.43.
-Below are more TSLA reviews worth reading:
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See below for other graphic analysis.
