#TSLA - Price moving within a consolidation triangle!
Hi All, my main 3 take-outs from this analysis are the following:
1- Price action is maturing within a symmetrical triangle which looks like being a continuation triangle pattern. I would not be surprised if the price might touch again the up red trendline and break it upwards with volumes by mid-December
2- First target following this possible breakout would be approximately 1490-1500$
3- The target given by the triangle is also matching with the first extension leg of fibonacci expansion tool
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- Price action is maturing within a symmetrical triangle which looks like being a continuation triangle pattern. I would not be surprised if the price might touch again the up red trendline and break it upwards with volumes by mid-December
2- First target following this possible breakout would be approximately 1490-1500$
3- The target given by the triangle is also matching with the first extension leg of fibonacci expansion tool
Not a financial advice, just personal opinion. Do your own due diligence and good luck!