TSLA-rocket ship

as I’ve shown in the past on the blog, these type of parabolic – in this case appears like a rocket they built launching into space – moves ALWAYS end in a big liquidation.

I’ve used what we learned in kindergarten on how to create a circle using 3 points and have the 1800’s a being pretty significant resistance for TSLA. that target zone is roughly 15% away. folks, let’s put THAT into perspective, on Friday the stock (in a single day) was up 12% so is 15% or so that unrealistic?

great to be long but … don’t get greedy, this puppy could flip bearish on a dime …let’s face it, this is unsustainable.

note, do believe we have a good “gravity center” as the point in time/space was the reason (from a pattern perspective) for the top shown by the bold blue arrow.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

Leave a Reply