Let's watch the 592 area!
Tesla is trading in a decisive point! The 592 is a strong resistance for us, and it couldn't be defeated today. At least Tesla hit the 20ma again, and it is a nice support level.
If Tesla breaks the 592 tomorrow, it might climb to the 626 next, and this would be a breakout from a pivot point, a good reversal pattern for us.
In the 4h chart we have an open gap at 733, but the bias is bearish. So, we must wait for the confirmation in the 30 min chart.
The RSI is pretty weird in the 4h chart, and we have a divergence in the 30 min, and if Tesla breaks the 592 resistance, we will see a nice trade ahead.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
If Tesla breaks the 592 tomorrow, it might climb to the 626 next, and this would be a breakout from a pivot point, a good reversal pattern for us.
In the 4h chart we have an open gap at 733, but the bias is bearish. So, we must wait for the confirmation in the 30 min chart.
The RSI is pretty weird in the 4h chart, and we have a divergence in the 30 min, and if Tesla breaks the 592 resistance, we will see a nice trade ahead.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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