niktraders

interesting two parallel channel from long and short term price

NASDAQ:TSLA   Tesla
Hello everyone
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TESLA, INC:
TESLA, INC is forming two parallel channel that the smaller one is inside the bigger one.
Please note how the price react to the middle line of the bigger channel coincide with the upper line of smaller channel.
I determine the strong support zone and it is more powerful if this zone will overlap the lower line of channel.
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