Tesla (TSLA): Major BULLISH signal
The "strongest trendline" indicator calculates the trendline with the highest strength based on the highest Pearson correlation coefficient. In this case, it calculates the trendline over a period of 200. This allows me to plot the linear regression channel using the indicator, which can be done on a logarithmic scale (similar to the "strongest trendline" indicator). This indicates the support and resistance lines.
If the price surpasses the green line, it can be considered a breakout, suggesting a potential upward movement. Conversely, if the price falls below the red line, it can be seen as a breakout to the downside. It's important to monitor the "strongest trendline" indicator as it may select a different "best trend" at any time.
Please note that this is a general explanation based on the given information and does not take into account specific market conditions or individual trading strategies.
If the price surpasses the green line, it can be considered a breakout, suggesting a potential upward movement. Conversely, if the price falls below the red line, it can be seen as a breakout to the downside. It's important to monitor the "strongest trendline" indicator as it may select a different "best trend" at any time.
Please note that this is a general explanation based on the given information and does not take into account specific market conditions or individual trading strategies.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。