Bearish penant TSLA price action possibly filling previous days
TSLA created bearish penant on the 15 minute timeframe.
Possibly filling gap created in previous day up to $1080
Short sentiment TP @ $1094
Stop loss @ $1155
Possibly filling gap created in previous day up to $1080
Short sentiment TP @ $1094
Stop loss @ $1155
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Finally TSLA broke trend line to the downside.
Lets see if it has enough momentum not only for one gap but also for the one all the way down to 939.
In order to do this the stock will have to form a head an shoulders so be ready for the dips.
Lets see if it has enough momentum not only for one gap but also for the one all the way down to 939.
In order to do this the stock will have to form a head an shoulders so be ready for the dips.
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Comment: Now that we have broken down and the majority of the gap filled we could see the formation of a head and shoulders depending on momentum if the price action is to fill the remaining gap to the bottom.
Possible we will see....but I will keep in mind while trading . Do not get caught!
Possible we will see....but I will keep in mind while trading . Do not get caught!
Still of the opinion that Tesla will close the gap created on Monday's opening
Gap's position from $1106.54 to $1063.53