Hi all
Here we have TESLA on a 4hr chart, we can see possibly a double top (can be confirmed by no candles braking above the grey box - personal rule of thumb) also there is an
inverted hammer which can be a bearish signal in a area of value.
The RSI is about to cross the overbought line, - wait for this conformation.
This could also be a possible head and shoulders starting to form with there been a left shoulder and a head .. just waiting to form the right shoulder - again which could be seen as a trend reversal and another bearish sign.
** this is not financial advice, this is for educational purposes only, all feedback is welcomed **
Good luck and trade safe! - please like, comment and subscribe :)
L
Here we have TESLA on a 4hr chart, we can see possibly a double top (can be confirmed by no candles braking above the grey box - personal rule of thumb) also there is an
inverted hammer which can be a bearish signal in a area of value.
The RSI is about to cross the overbought line, - wait for this conformation.
This could also be a possible head and shoulders starting to form with there been a left shoulder and a head .. just waiting to form the right shoulder - again which could be seen as a trend reversal and another bearish sign.
** this is not financial advice, this is for educational purposes only, all feedback is welcomed **
Good luck and trade safe! - please like, comment and subscribe :)
L