TSLA looks to be going thru a repeated cycle since it marked its bottom at the start of 2023. Currently TSLA is in a rising channel with mirroring patterns inside
Cycle 1 (January-February)
1st leg up
Cycle 2 (February-April)
1st Consolidation phase (70 days marking the bottom) that is ended with an inverse head & shoulders (~77 Days)
Cycle 3 (May-July)
2nd leg up
Cycle 4 (July-?)
2nd consolidation (~70 days so far) and looks to be setting up an inverse head & shoulders similar to cycle 2
Cycle 5
I am anticipating cycle 4 to end shortly and cycle 5 to be TSLA's 3rd leg up targeting the upper trendline of the rising channel
Cycle 1 (January-February)
1st leg up
Cycle 2 (February-April)
1st Consolidation phase (70 days marking the bottom) that is ended with an inverse head & shoulders (~77 Days)
Cycle 3 (May-July)
2nd leg up
Cycle 4 (July-?)
2nd consolidation (~70 days so far) and looks to be setting up an inverse head & shoulders similar to cycle 2
Cycle 5
I am anticipating cycle 4 to end shortly and cycle 5 to be TSLA's 3rd leg up targeting the upper trendline of the rising channel
Nota
^ Anchored VWAP (purple) from the bottom of cycle 2
Nota
Sitting at huge area of confluence - At the lower trendline
- .618 Fib retracement
- Anchored VWAP
- Big support zone
Nota
Beautiful break outside the consolidation phase and now looks to be on the run for the next leg upNota
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.