The structure of the overall trading of TSLA in the last few years now builds up a huge head and shoulders.
Head and shoulders can be a really fickle pattern with more of them failing than succeed but something that's interesting in this move is we also have selling starting from what could be a harmonic correction building the right shoulder.
Were TSLA to be forming a head and shoulder on this scale the implied move would be a total disaster for bulls. This would forecast a low WAY under where many people think is in any way possible.
TSLA is also a candidate for the last spike out move shown in the below example. It would be further along in the development.
Head and shoulders can be a really fickle pattern with more of them failing than succeed but something that's interesting in this move is we also have selling starting from what could be a harmonic correction building the right shoulder.
Were TSLA to be forming a head and shoulder on this scale the implied move would be a total disaster for bulls. This would forecast a low WAY under where many people think is in any way possible.
TSLA is also a candidate for the last spike out move shown in the below example. It would be further along in the development.
Comment:
If it is, we're getting quite close to the part where we all find out.
Sharp bull trap very possible first though even in the bear setup. Always be more careful when markets are down.
Sharp bull trap very possible first though even in the bear setup. Always be more careful when markets are down.
Comment:
-50% from the sell pattern now.
Trends are progressive. They step down for a while and then speed up to spike out the last low.
If the sell pattern is valid should get clear signs of it sooner rather than later now.