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TSLA Weekly Head and Shoulders Pattern
TSLA started its covid rally from 23 and formed the top at 416. It fell to 104 and bounced from it which was 0.718 Fib level. However, it got rejected from 216 which was 0.5 fib level of same rally.
It's weekly H&S projections can be calculated at 23 back to square one i.e beginning of the covid rally. Since the time frame is weekly therefore, it can take months to reach that level.
It's weekly H&S projections can be calculated at 23 back to square one i.e beginning of the covid rally. Since the time frame is weekly therefore, it can take months to reach that level.
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