- Daily chart shows price moving below 200 Day SMA. Closing the daily below 200 SMA will strengthen bears further.
- Weekly chart likely to give a big upper shadow if closes at the current levels or lower. Bulls badly need to close the week higher to avoid such a scenario.
- Hour chart shows price violating the trend line from 182 levels.
- Bulls need to do more here to keep the up move from 180 levels intact If not weakness is getting confirmed at 200 SMA.
- CRUDE Oil support and resistance levels
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 30, 2016
TESLA Bearish price action
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