TSLA breakout from descending broadening wedge
Follow up on my prior TSLA post on Feb 7th
My buy condition of a daily confirmation above $936 was never met and the downside target of $767 (.618 fib) was hit.
After bouncing off the lower channel at $764, TSLA has now broken above the channel.
3D MACD flipped positive on March 22nd with increasing buying pressure from March 14th-March 22nd.
However, price has hit the .618 Fib Extension level and the buying pressure is significantly lower likely due to an overextended BB% level.
Currently TSLA is consolidating under this level, indicating further upside potential.
Expecting a slight retracement and further conslidation given the bearish divergences noted below:
4H Bearish Divergences:MACD, RSI, OBV, CMF, ADP
1D Bearish Divergences:MACD, HIST, RSI, OBV, CMF, MFI, ADP
My buy order was finally filled and stands at ~7.9% in profit
My buy condition of a daily confirmation above $936 was never met and the downside target of $767 (.618 fib) was hit.
After bouncing off the lower channel at $764, TSLA has now broken above the channel.
3D MACD flipped positive on March 22nd with increasing buying pressure from March 14th-March 22nd.
However, price has hit the .618 Fib Extension level and the buying pressure is significantly lower likely due to an overextended BB% level.
Currently TSLA is consolidating under this level, indicating further upside potential.
Expecting a slight retracement and further conslidation given the bearish divergences noted below:
4H Bearish Divergences:MACD, RSI, OBV, CMF, ADP
1D Bearish Divergences:MACD, HIST, RSI, OBV, CMF, MFI, ADP
My buy order was finally filled and stands at ~7.9% in profit
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.