currenceland

tesla (head and shoulders probability (negative)) tsla

BATS:TSLA   Tesla
Analyzing and examining Tesla in the time frame of 1h, the possibility that Tesla has a temporary correction is high. And this action can bring the price closer to the previous uptrend that was broken (ie the 260 range). In this case, it is a pullback. and will confirm failure. If it cannot return to the trend, which there is a high probability that it cannot enter the trend, in this hypothesis close to the trend, if the sales volume increases, it can start falling and reach the 240 range again. This time, in this hypothesis, the probability of breaking the 240 range will be high. It will cause the formation of negative head and shoulders. And after breaking this range, which is a negative head and shoulder collar, it will fall to the 214 range. But if the white trend line, which is Tesla's long-term trend, breaks upward, this hypothesis will be violated.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.