Hi guys its Brian here with a short opportunity for Tesla.
Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards.
Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards.
If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish
brianchai.com/
Free Trading Group
Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards.
Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards.
If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish
brianchai.com/
Free Trading Group
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.