Tesla is in an uptrend since the start of the market, we had on flag retracement which broke upwards and now we see second retracement to the trendline, we reached 50 fib zone, and bounced back since we are in an up trend we should see higher higher highs being formed so our safe target is where recent highest high was.
Aroon: After retracement aroon is showing bullish momentum, which indicates that we should break the down retracement a push trough the flag upwards.
MACD: Is a bit slower to catch up and give us an entry, but is already showing gain in a bullish momentum.
Bollinger bad: Market already bounced off of bottom Bollinger band and started rising indicating bullish direction.
Entry:885
Invalidation: 770
Target: 1224
Ratio 1:3.2
Aroon: After retracement aroon is showing bullish momentum, which indicates that we should break the down retracement a push trough the flag upwards.
MACD: Is a bit slower to catch up and give us an entry, but is already showing gain in a bullish momentum.
Bollinger bad: Market already bounced off of bottom Bollinger band and started rising indicating bullish direction.
Entry:885
Invalidation: 770
Target: 1224
Ratio 1:3.2
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