Seems like an inverted head and shoulders is forming on TSLA (1hr)
The left shoulder and pivot price being $680.20
A failure of that support to hold, we might retest lows at 615 (strong support, head) and 600 (psychological level)
If market bounces and we can form a right shoulder at $680 (rejection and support) we could push higher towards 785 (base)
I will be watching price tomorrow and next few sessions. I have no bias.
The left shoulder and pivot price being $680.20
A failure of that support to hold, we might retest lows at 615 (strong support, head) and 600 (psychological level)
If market bounces and we can form a right shoulder at $680 (rejection and support) we could push higher towards 785 (base)
I will be watching price tomorrow and next few sessions. I have no bias.
Trade active:
Locking in 3/4 of the position, right rest free