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Bullish Cypher Pattern Forming On TSLA

Long
Tesla (NASDAQ:TSLA)  
kschiangb6  
NASDAQ:TSLA   Tesla
Cypher Harmonic Patterns Chart patterns Fibonacci Tesla Motors (TSLA) teslamotors Stocks
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cypherpattern harmonicpatterns chartpatterns fibonacci tsla teslamotors stocks
A Bullish Cypher is forming on the daily charts of Tesla Motors Inc. (TSLA). Currently, price has completed the initial extension leg AB and CD when it is making a reversal at the 127.2% and 141.4% extension zone. The next leg, if the pattern is to remain valid, is a move downwards towards the 196.73 area where it meets the 78.6% Fibonacci Retracement level of the A-C leg.

For more details of Cypher Patterns and their formation rules, please visit SimplyChartPatterns....rns/cypher-patterns/
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