TSLA close analysis 6/7/2023
Boss bears finally showed up in their control zone located at 230-237. The initial reaction was a rejection from the zone.
Long term boss bear control zone:
Now we wait for the reaction. Will TSLA break down or will the gap support remain and allow us to climb higher?
I expect neutral-to-bearish price action in this area for the next few days while bulls retest the 230 zone and refuel to go back up. If the oscillator crosses below trendline, lookout below.
The natural question is, "what is next"? Arguably this has been quite the run and I don't think we're finished yet. My expectation is a blow off top to the trend line above the boss bear zone before the real bearish action starts. Somewhere in that 240-245 zone.
Long term boss bear control zone:
Now we wait for the reaction. Will TSLA break down or will the gap support remain and allow us to climb higher?
I expect neutral-to-bearish price action in this area for the next few days while bulls retest the 230 zone and refuel to go back up. If the oscillator crosses below trendline, lookout below.
The natural question is, "what is next"? Arguably this has been quite the run and I don't think we're finished yet. My expectation is a blow off top to the trend line above the boss bear zone before the real bearish action starts. Somewhere in that 240-245 zone.
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