retail trader, institutional trader, paper trader, fomo trader we all ask ourselves do technical analysis work and what is the probability of each technical pattern. This is a falling wedge on both 30mn and 1hr timeframe and a bullish engulfing pattern on the 4hr and I would take that set up every day and yet it's formed by one of the biggest names out here $TSLA. If we break 189 i expect a nice bullish move this week or two and to test the gap at 197, not interested in shorting until we back at 184.
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welp we at 184