Tesla stock climbs premarket after Elon Musk's electric-car maker had its worst day of trading since 2020. Tesla shares closed more than 15% lower on Monday following weak sales data and amid concerns over the role Musk is playing in the Trump administration. However, Tesla shares are up 4.6% Tuesday premarket, touching a high of $233.50. President Trump defended Musk, saying in an overnight post on his Truth Social platform that the billionaire was doing a "fantastic job" and vowed to buy a new Tesla as a show of confidence and support.
On the upside 273 giving Minor resistance to the price ,while on the lower side 212 giving strong support.
gold, hourly...not the best time of day, candle 5 was a larger, outside bar, candle 6 was decent...MA slope is so-so, I would pass on this one....but I'm charting for practice...
I took this one. No real stairstep, and not the best MA slope. Bar 5 was a smaller, almost inside and in the direction of the pattern.
The one shortcoming of this method is your gonna be trading into support or resistance, and if it holds, its blowing up...quick. You got to keep it on a short leash.