TSLA: Bull Trend Pullback - Watch Out for These Key Points!
• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback;
• As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual);
• So far, it seems this is just a pullback, as there’s no bearish reversal structure on TSLA yet;
• If TSLA loses the $177, then it might frustrate the bullish sentiment;
• On the weekly chart, TSLA is still inside a Descending Channel, and it seems it found a resistance at the upper trend line again;
• Therefore, TSLA just reached a key resistance level this week. If it breaks this resistance in the next few days, we will see a meaningful bullish reversal pattern being triggered on the weekly chart, reversing the long-term bearish sentiment seen since 2021.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
• As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual);
• So far, it seems this is just a pullback, as there’s no bearish reversal structure on TSLA yet;
• If TSLA loses the $177, then it might frustrate the bullish sentiment;
• On the weekly chart, TSLA is still inside a Descending Channel, and it seems it found a resistance at the upper trend line again;
• Therefore, TSLA just reached a key resistance level this week. If it breaks this resistance in the next few days, we will see a meaningful bullish reversal pattern being triggered on the weekly chart, reversing the long-term bearish sentiment seen since 2021.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
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