Failure to break 209, and stay above 200 ==> Bearish TSLA?
Failure to break 209, and stay above 200 ==> Bearish TSLA?
Price action update (9 Mar 2024)
- Reference previous analysis, key levels noted.
- Fail to get above 209
- Fail to hold above 200
- MA5 crossed below MA20
- Lower low formed below 182
- Backtested 182 on 8 Mar failed
- Rejection below MA5 yellow
- Reference previous analysis, key levels noted.
- Fail to get above 209
- Fail to hold above 200
- MA5 crossed below MA20
- Lower low formed below 182
- Backtested 182 on 8 Mar failed
- Rejection below MA5 yellow
Bullish
- Need to simply get above 182 then 199 then 209
- Need to simply get above 182 then 199 then 209
Bearish
- 175 now becomes key level
- Fail to hold, will look for basing formation and candles at 160 down to 145
- 175 now becomes key level
- Fail to hold, will look for basing formation and candles at 160 down to 145
Good luck, all!
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meruson : money chasing after hot trend
Mr Careful : forget about your technical. it is obvious that the mm supported the price after a lousy financial report. now they finished much of their distribution so the price will go down quickly when there is bad news. don't think the fall will be arrested so soon unless they come back to buy. but how much can they profit by buying at such prices?
AsphenOP Mr Careful: technical is how I trade. haha
Mr Careful AsphenOP: use technical is slow reacting. lose more, earn less
AsphenOP Mr Careful: got it. it has been working for me so far, in enabling my entry and exit with good risk reward. haha... so i will hold firm
enables me to not trade on emotions and be objective.