Telsa recently gapped Lower on Negative Earnings and Negativity from Elon Musk on the recent earning Call.
Given the SMTV indicator, a sell signal was generated on Friday, and if we get strong Price Action with a close below $210 the next level is at $150 which is the intial Sellers Contination Signal made on April 27.
Overall, this level was a Buy signal on June second, a contiuation Buy was generated on Sep 11 but was rejected not a good sign.
If it breaks the Continuation Sellers first attempt can be approved and we can expect much lower moves.
If you like this, please follow me, all followers will be given access to the SMTV invite only indicator you see on the Charts.
Given the SMTV indicator, a sell signal was generated on Friday, and if we get strong Price Action with a close below $210 the next level is at $150 which is the intial Sellers Contination Signal made on April 27.
Overall, this level was a Buy signal on June second, a contiuation Buy was generated on Sep 11 but was rejected not a good sign.
If it breaks the Continuation Sellers first attempt can be approved and we can expect much lower moves.
If you like this, please follow me, all followers will be given access to the SMTV invite only indicator you see on the Charts.