hi traders.
Let's have a look at Tesla stock on Weekly time frame.
The price is sitting on the support now but we're expecting the break down.
If the support fails, we may see a swift capitulation towards the next support which is around 100 -110 $ . This level could be an entry for a long position. If the price drops there, it would create a double bottom pattern which is bullish and the reversal from there can be expected.
The target: 216 $
stop loss: 96 $
Good luck
Let's have a look at Tesla stock on Weekly time frame.
The price is sitting on the support now but we're expecting the break down.
If the support fails, we may see a swift capitulation towards the next support which is around 100 -110 $ . This level could be an entry for a long position. If the price drops there, it would create a double bottom pattern which is bullish and the reversal from there can be expected.
The target: 216 $
stop loss: 96 $
Good luck
Komentar:
Breaking a key support. Don't rush with your longs
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