A quick analysis today on Tesla and why I'm still expecting the price of TSLA to head lower.
After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC). However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.
ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.
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