TSLA is approaching upper Trendline.
Scenario1: There may be some selling around that area and it may retreat back to 9D and 20D Moving Averages (not shown on map) and then bounce up again and break the upper trendline and reach all time high. This will also depend on the market conditions.
Scenario2: Scenario 2 might be that 9D and 20D may not be strong enough to hold the price and it come down all the way back to trendline and 50D/10W moving average from where it bounced earlier (50D MA not shown on map)
Scenario3: There is also another major trendline, which TSLA has been defying from some time. This would be third possibility that TSLA break the dotted orange line trendline and go all the way to orange trendline, which is shown in the second below below.
Scenario1: There may be some selling around that area and it may retreat back to 9D and 20D Moving Averages (not shown on map) and then bounce up again and break the upper trendline and reach all time high. This will also depend on the market conditions.
Scenario2: Scenario 2 might be that 9D and 20D may not be strong enough to hold the price and it come down all the way back to trendline and 50D/10W moving average from where it bounced earlier (50D MA not shown on map)
Scenario3: There is also another major trendline, which TSLA has been defying from some time. This would be third possibility that TSLA break the dotted orange line trendline and go all the way to orange trendline, which is shown in the second below below.
Trade active:
The bigger trendline which can be part of scenario 3
