Confirming my long position here and waiting for a backup before I add more to my Tesla positions.
As expected price broke out of the resistance channel defined by the AR and the HH points printing SOS and LPS /BU in Phase D before the final markup in Phase E. Low volume and climbing price show that the institutions have taken hold of the price and are not selling until a much bigger markup. Good times ahead of Tesla stocks.
No financial advice, just my reading on the chart through the Wyckoff (re-)accumulation lens.
As expected price broke out of the resistance channel defined by the AR and the HH points printing SOS and LPS /BU in Phase D before the final markup in Phase E. Low volume and climbing price show that the institutions have taken hold of the price and are not selling until a much bigger markup. Good times ahead of Tesla stocks.
No financial advice, just my reading on the chart through the Wyckoff (re-)accumulation lens.
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Take that perfect doodle matching the pump :)
