$TSLA

TSLA - daily chart analysis 💛

My target for this chart is 🎯$505 👀 

What a wild ride😅. This bucking bronco 🐂 has been all over the place… or has it?

When ur involved in trading price action it feels like the “bucking bronco” but in the charts all we have done is consolidate right back to the 13EMA like it has done all the other times I high,ignited on the chart. It’s just this time it was a little further away from the 13EMA so the bronco felt wild as it just came back to home at the 13EMA

You can see that the 13EMA has acted almost perfectly as support during this higher time frame structured uptrend. And if it ain’t broke then don’t try to fix it 😘 

Is there another clue that tells us some activity as we have approached and are exactly at the 13EMA???

Yes there is. The other clue is the type of candle that has shown up potentially at the bottom of this consolidation to the 13EMA and that candle is a perfect DOJI. Doji’s are indecision candles and quite often show up at tops and bottoms as bulls and bears battle out an indecision verdict that usually portrays reversals 

RSI and MACD are showing higher low activity as RSI begins to curl and I believe MACD will too

Every time we consolidated off the 13EMA we have had a continued leg up and with Elon just getting his seat warm at the Whitehouse I believe we will have the same experience from this consolidation as well 🤗 

Not financial advice!

Much love 💛🍌🍌🍌