What you see here is TSLA in somewhat of a range after repeatedly failing to create a higher high on larger timeframes. Look out for the retest of 280/281 for another small drop with potential of a larger drop. Although I am confident in the short term drop of tesla I do not believe that a bull run starting between 260 and 266 is impossible due to the volume of...
Here I have market off major zones where price tends to retrace too before a major change of direction. You may also notice the rising wedge headed back that has already started playing itself out. This move will happen over a short period of time. I say this because once enough selling pressure has been established, buyers will fearfully close their longs...
Let me know your personal opinions! This is long term of course but we are currently still in a bear market so beware more downside is always a possibility.
Nvidia back at a all time LOW + DEMAND zone price previously, violently reacted too on multiple occasions along side an INVERSE HEAD & SHOULDERS pattern that corresponds with the demand zone. News recently dropped price pretty nicely which should catch the eye of investors because who does'nt love a discount? Im looking at this for long term and short term but...