~ Technicals on TSLA are amazing. Truly one of my favorite charts right now.
Just look at how beautifully price is reacting to our moving averages and pivots.
~ We are still comfortably above all major moving averages.
I don't think it's very appropriate to panic until the daily 10SMA or H4 21EMA is no longer holding price up.
As of right now the 4H 55EMA is in confluence with the monthly pivot, and the daily 55EMA is in confluence with S1 monthly pivot.
~ How I see this month playing out:
If price closes below H4 21EMA/daily 10SMA (~650-670 area) likely move further down to the monthly pivot/daily 21EMA (~600-570) and lower if that's violated.
If price continues to hold above H4 21EMA/daily 10SMA, closing above weekly R3 ~(800) area will likely return price to monthly R3 (~959)
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <
Just look at how beautifully price is reacting to our moving averages and pivots.
~ We are still comfortably above all major moving averages.
I don't think it's very appropriate to panic until the daily 10SMA or H4 21EMA is no longer holding price up.
As of right now the 4H 55EMA is in confluence with the monthly pivot, and the daily 55EMA is in confluence with S1 monthly pivot.
~ How I see this month playing out:
If price closes below H4 21EMA/daily 10SMA (~650-670 area) likely move further down to the monthly pivot/daily 21EMA (~600-570) and lower if that's violated.
If price continues to hold above H4 21EMA/daily 10SMA, closing above weekly R3 ~(800) area will likely return price to monthly R3 (~959)
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <