Dear Esteemed Members,
TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both...
Targets:
TP: 13.4K
TP: 9.8K
TP: 5.4K
SL: 21.3K
Reasoning:
1. Ema crossover
2. Fib Circles
3. Descending Channel
4. Banks
5. Timing - Global Shifts - Politcs - liquidations
Not financial advise and not to be construed as such, I'm not a financial adviser or trader licensed by any organization nor do I claim to be. These are the thoughts, beliefs, and opinion...