Tesla update on case study 1
Well guys Tesla has comfirmed the top level of the wave pattern
We are seeing signs of a turn in terms of price action but is there any indication in indicators that this is possible so let's have a look.
Tesla broke out above the cloud on the daily time frame the weekly is also mostly bullish
We see it snapped away from the Bollinger bands
The adx shows a neutralization of the bearish downswing
The Rsi is over extended and with the adx under 20 we could see a pullback to lower levels.
THE ichimuko cloud and price action break away gap is a good bullish sign will see Tesla continue up.
Don't really think so the gap sits to high and the pullback and doji shows that the momentum has kinda slowed.
So we could see a pullback.
THE gap can be used as a support zone with the cloud a break into the cloud could mean a move down
But let's see how things go
We are seeing signs of a turn in terms of price action but is there any indication in indicators that this is possible so let's have a look.
Tesla broke out above the cloud on the daily time frame the weekly is also mostly bullish
We see it snapped away from the Bollinger bands
The adx shows a neutralization of the bearish downswing
The Rsi is over extended and with the adx under 20 we could see a pullback to lower levels.
THE ichimuko cloud and price action break away gap is a good bullish sign will see Tesla continue up.
Don't really think so the gap sits to high and the pullback and doji shows that the momentum has kinda slowed.
So we could see a pullback.
THE gap can be used as a support zone with the cloud a break into the cloud could mean a move down
But let's see how things go
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