Ticker: $TSLA
TSLA been skyrocketing to ALL TIME HIGHS!! Great volatility, and excellent for day trading.
Friday formed a daily inside bar/harami. It is evident by the tight price range and low volume.
If bears break support 473.70, this confirms that daily consolidation is on its way. (I will be planning to short if this level breaks).
If bulls hold or breaks without ANY follow through, this could be a potential bull flag. However, I don't think this is the most likely scenario.
Let's see what next Monday brings. Remember to not be bias and trade based on what the price action and volume tells you!
TSLA been skyrocketing to ALL TIME HIGHS!! Great volatility, and excellent for day trading.
Friday formed a daily inside bar/harami. It is evident by the tight price range and low volume.
If bears break support 473.70, this confirms that daily consolidation is on its way. (I will be planning to short if this level breaks).
If bulls hold or breaks without ANY follow through, this could be a potential bull flag. However, I don't think this is the most likely scenario.
Let's see what next Monday brings. Remember to not be bias and trade based on what the price action and volume tells you!