Analysis on chart.
I'll update it once I see a clear short signal in the weekly chart.
Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse.
I'll analyze price action and look into selling short once we see confirmation here.
Crude oil seems to have resumed the downside, I'd be skeptical of a rally from here, but it's possible.
As an addendum, TSLA might head down with crude oil, as gas gets cheaper and electric cars lose appeal (it has happened before). I'm looking to go long at a key level, as seen in my related idea below.
Good luck, and have a nice weekend.
Ivan.
I'll update it once I see a clear short signal in the weekly chart.
Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse.
I'll analyze price action and look into selling short once we see confirmation here.
Crude oil seems to have resumed the downside, I'd be skeptical of a rally from here, but it's possible.
As an addendum, TSLA might head down with crude oil, as gas gets cheaper and electric cars lose appeal (it has happened before). I'm looking to go long at a key level, as seen in my related idea below.
Good luck, and have a nice weekend.
Ivan.
