Hi Traders, Investors and Speculators of Charts📈📉
A quick analysis today on Tesla and why I'm still expecting the price of TSLA to head lower.
After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC). However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.
ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.
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CryptoCheck
TSLA
A quick analysis today on Tesla and why I'm still expecting the price of TSLA to head lower.
After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC). However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.
ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
TSLA
Comment:
Not shorting specifically, just waiting for a lower accumulation entry point on TESLA
Trade active:
First target reached
Comment:
TESLA 3D needs to see a higher high, otherwise risks making a lower low:
