TSLA is following this downtrending pitchfork and has picked up buyers at the 1.618/1.65 (golden & orange zones).
I am expecting momentum to swing past the median and look for buyers in the outer supply zone at 1000.
If the stock is bearish (for whatever reason) then I'll be watching for a pullback to the previous VPVR zone at 916 then bounce up to 983 to see if there are still buyers at the higher prices. I'll be watching Pleides, Noya, and Lyra indicators to see if buyers are stepping up to buy.
If buyers aren't showing up to buy the dip then be prepared for a flush to 800, bounce then back down to 707.
I am expecting momentum to swing past the median and look for buyers in the outer supply zone at 1000.
If the stock is bearish (for whatever reason) then I'll be watching for a pullback to the previous VPVR zone at 916 then bounce up to 983 to see if there are still buyers at the higher prices. I'll be watching Pleides, Noya, and Lyra indicators to see if buyers are stepping up to buy.
If buyers aren't showing up to buy the dip then be prepared for a flush to 800, bounce then back down to 707.
Trade closed: target reached:
TSLA hit $700 2 days before my estimate. SHEEESSHHHH