TA,
- Volatility contraction pattern(VCP)
- Volatility reducing= Supply drying up(see previous 2 instances). 35% drop followed up by a 24% drop and the latest, a 9% drop.
- Short term trend breakout but lacked sufficient volume
- Trendline support
-Oversold for Tesla standards
-Longer it consolidates, more explosive the move
-RS improving
FA,
- Read Elon's book
Entry : Break of 462 for a trade /Now for long term
- Volatility contraction pattern(VCP)
- Volatility reducing= Supply drying up(see previous 2 instances). 35% drop followed up by a 24% drop and the latest, a 9% drop.
- Short term trend breakout but lacked sufficient volume
- Trendline support
-Oversold for Tesla standards
-Longer it consolidates, more explosive the move
-RS improving
FA,
- Read Elon's book
Entry : Break of 462 for a trade /Now for long term