TSLA close analysis 6/21/2023
Is this the end? Nah I don't think so. Not yet anyway. A bold prediction drawn in black. Sweep the lows, then shoot up after finding some buyers. But SPY also needs to hold and SPY sure looks alarming.
Today was nothing but selling for TSLA though so bulls need to show some life early tomorrow and get that momentum going back up. Otherwise, that gap void at the 240 zone is going to be a magnet for price action. Zoomed out, I still really like the dashed trend line for support as well.
Trade plan: Stick with longs unless 255 breaks, then I'd switch to scalping short. Look out if the bottom drops on SPY like it's threatening.
Today was nothing but selling for TSLA though so bulls need to show some life early tomorrow and get that momentum going back up. Otherwise, that gap void at the 240 zone is going to be a magnet for price action. Zoomed out, I still really like the dashed trend line for support as well.
Trade plan: Stick with longs unless 255 breaks, then I'd switch to scalping short. Look out if the bottom drops on SPY like it's threatening.
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💎 Get my %R Trend Exhaustion indicator: bit.ly/prte
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