Test seems to confirm the old resistance level of 247 is likely now the new support.
I forget, does price action usually test such sceniaro two times before continuing up? Anyone have answer to that?
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Maniac Fool : And the gap needs to be nicely filled too
RIPPEROP Maniac Fool: The price action holding above the gap without filling is the “confirmation” of support to “algos” I believe
Silverbat : yes, master
RIPPEROP : Looks like second test right now
RIPPEROP Maniac Fool: YAY
Gap filled
Autumn-girl RIPPEROP: bullish signal ? ;)
RIPPEROP Autumn-girl: Yea well there is a saying “all gaps have to be filled”…….. which has kinda manifested itself into reality.
A lot of volume will likely come in now that the gap has been filled, as it’s now more reliable for TSLA to continue moving up without turning back anytime in near. That’s not to say it won’t/cant but …..with gap filled, it’s one less factor when considering up up and away or sideways.
Autumn-girl RIPPEROP: nice ! thank you for the advice ! based on the chart, whats your thoughts on where is the next resistance to break? where it may be able to reach ?
RIPPEROP Autumn-girl: It’s not clear at moment……too early to say
ThirtyOne RIPPEROP: Well said bro. Well said.
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