• TSLA hit our first resistance: The 21 ema in the daily chart;
• This corroborates with our reading, as stated on my analysis form Friday (check the link below this post);
• Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements;
• The 38.2% Fibonacci’s Retracement is the first retracement to work with;
• So far, there’s no clear top sign, or bearish structure around indicating a correction. Let’s see how it’ll close today;
• What if TSLA corrects? The previous resistance at $123 becomes our new support level. Remember the Principle of Polarity: Previous support levels are supposed to work as future resistance levels, and vice-versa;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• This corroborates with our reading, as stated on my analysis form Friday (check the link below this post);
• Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements;
• The 38.2% Fibonacci’s Retracement is the first retracement to work with;
• So far, there’s no clear top sign, or bearish structure around indicating a correction. Let’s see how it’ll close today;
• What if TSLA corrects? The previous resistance at $123 becomes our new support level. Remember the Principle of Polarity: Previous support levels are supposed to work as future resistance levels, and vice-versa;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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