Here are my thoughts on TSLA for the week of 10/19.
Red Horizontal Lines are points of resistance.
First the top of the triangle must be broken with a closing candle. (that is the easy part)
the hard part will be to break the first two resistance levels.
If we get a candle closing above each line then we can shoot higher.
If we open green I might look into a 450/460 spread
As always I look forward to your criticism for or against this play.
Red Horizontal Lines are points of resistance.
First the top of the triangle must be broken with a closing candle. (that is the easy part)
the hard part will be to break the first two resistance levels.
If we get a candle closing above each line then we can shoot higher.
If we open green I might look into a 450/460 spread
As always I look forward to your criticism for or against this play.
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