TeslaShort
Multi-Timeframe Analysis: Tesla
Hourly Chart: Bearish Channel.
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.