Cup and Handle pattern forming on TSLA, could rally higher.

TSLA is forming what appears to be a Cup and Handle formation, and looks primed to continue upward. Once the 248 or so level breaks, we should see a nice move up to the range around the 200 day moving average in Red, which also coincides with a gap in the price action around 257.50.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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Note

Here's a bit of a cleaner view. Filling the price gap around 257.50 would be about a 4.30% gain, while tagging the 200 day MA in Red would be about a 7% gain:

Note

Cup and Handle setup has been invalidated. Tagged 100 EMA on the Daily:

Trade closed manually

Getting nuked hard; broke below a ton of daily moving averages:

Deftsuo

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Deftsuo

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