TSLA is approaching a massive support trend
title says most of it. Support trend is marked in green, and there is a high probability it bounces.
Two rejection trends are marked in red, they are weak enough that the support trend should hold.
Wait for the really small rejection trend to confirm, maybe around 236.63?? (this is my marked price, subject to change).
I would feel quite confident buying on this support trend for a nice bounce to the rejection trend, which oddly enough lines up nicely with the orange zone (current rejection area).
Lines are marked, Expect these to be zones (+/- to the next zone) where price action settles before another movement. (these are subject to change, but good to note)
Follow the trend.
Two rejection trends are marked in red, they are weak enough that the support trend should hold.
Wait for the really small rejection trend to confirm, maybe around 236.63?? (this is my marked price, subject to change).
I would feel quite confident buying on this support trend for a nice bounce to the rejection trend, which oddly enough lines up nicely with the orange zone (current rejection area).
Lines are marked, Expect these to be zones (+/- to the next zone) where price action settles before another movement. (these are subject to change, but good to note)
Follow the trend.
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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