Tesla cup and handle and Wyckoff

30 дек. 2021 г.

Tesla has formed a cup for 6 months and now the handle for 1 month. But wait! The handle has also formed a V-shaped cup and handle of its own which is not good. Fib trendline from 550to 1240 and back to 900 shows 100% at 1417 and another one at 1580 with other prices as parameters. Wyckoff reaccumulation shows that the stock should go up now and that looks very likely as the stock just finished making the 2 triangles at current resistances drawn with orange horizontal lines. I believe 1417 is the top but can't tell until we are there and how fast we get there. If we reach 1417 fast and with enough impulse going over it. 1580 is the next target. But beware and be ready to sell when close to the target.