Descending triangle vs resistance level
Check out where the curent candlestick is - in between the descending triangle and the resistance level.
Bulls are trying to break above the descending triangle marked by the yellow line. But bears are pushing it down below the first resistance level marked by the white line - at 746.
Bulls are trying to break above the descending triangle marked by the yellow line. But bears are pushing it down below the first resistance level marked by the white line - at 746.
Who will prevail? Or will it stay range bound till the earnings are released?
I have mentioned about this descending triangle in my video. Catch it if you have time to kill
$Tesla(TSLA.US$
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Successful investing is about managing risk, not avoiding it. DYODD
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