Checking up on our
TSLA
play, we can see that
TSLA
gapped up strong on earnings with a nice run off our bottom trend line.
Zooming in on the Daily we can see a classic Wash, Trap Squeeze pattern emerging.
The conclusion of this pattern will lead us to grab Liquidity at the 205, 220 and top out around our upper trend line around the 240ish plane before we consolidate and move higher.
If the pattern fails and we do head lower, look to buy the dip between 168 and 172 after a closure of the gap below.
TSLA
play, we can see that
TSLA
gapped up strong on earnings with a nice run off our bottom trend line. Zooming in on the Daily we can see a classic Wash, Trap Squeeze pattern emerging.
The conclusion of this pattern will lead us to grab Liquidity at the 205, 220 and top out around our upper trend line around the 240ish plane before we consolidate and move higher.
If the pattern fails and we do head lower, look to buy the dip between 168 and 172 after a closure of the gap below.