TSLA had some beautiful price action worth noting today. It held the 50% retracement level of the day's gap. What was even more interesting was the lower timeframe price action on the 1minute (see screenshot). After holding the 50% retracement on the medium term timeframe it also held the 50% retracement of the move off the support as a fractal of the price action. This also setup a classic chart pattern of an inverse head and shoulders at that level. All aspiring chartists should take note. I have this now saved in my archives as a great example of multiple aspects of price action studying playing out.
"Be to others the person you needed to meet 10 years ago"
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.