TESLA
the price is forming a triangle like structure, I expect the price to range for some time and If price manages to break above the structure(triangle) I expect the price to move higher.
In case, If price breaks below the support, It will be a very big bearish sign for TSLA..
Contrary to popular opinion, a descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern.
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
the price is forming a triangle like structure, I expect the price to range for some time and If price manages to break above the structure(triangle) I expect the price to move higher.
In case, If price breaks below the support, It will be a very big bearish sign for TSLA..
Contrary to popular opinion, a descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern.
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.