TSLA: Trading Range situation
On TSLA we are in a trading range situation on a time unit of 15 minutes. A fight is being waged by buyers and sellers. This is why we are faced with two analysis situations.
At first we will have an uptrend only if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume at this moment we enter the position upon the appearance of the second green candle for added caution.
Secondly, we will have a bearish trend only if and only if the vwap indicator and the support line are broken forcefully by a large red candle and followed by a large red volume, in such circumstances we enter the position as soon as the appearance of the second red candle for greater assurance.
At first we will have an uptrend only if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume at this moment we enter the position upon the appearance of the second green candle for added caution.
Secondly, we will have a bearish trend only if and only if the vwap indicator and the support line are broken forcefully by a large red candle and followed by a large red volume, in such circumstances we enter the position as soon as the appearance of the second red candle for greater assurance.
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