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hello everyone my cards here co-founder five trading partners long papaya Chino Tesla update we've had some requests to do a Tesla update right now it's in no-man's land okay yeah the rotation zone overhead right here and we have a significant level writer 326 and we have another one it right about 310 so we're gonna we're watching for a close above at this point I want about the rotation zone 327 50 area and then we'd be looking for the gap Phil's first gap-fill 335 57 these are long targets next gap Phil 347 83 area and then we'd be watching for a return to our other significant level 3 59.95 essentially 360 that's for the Bulls case but it would need to close above 320 750 now if we also go to close below 310 that's the bearish case and then we'd be watching for a return to about 287 significant level then the next significant level if we get a close below that we give to mid to 75 and that is a very major level let me switch to some longer-term charts so here's a three-year chart you can see also everything's flat and wavy which means and you can see we're just in a huge consolidation phase you can see the bigger picture on these levels this 2 8 275 level is very very key based off a weekly timeframe if we do get below that you have a 200 week simple moving average coming in about 261 right now with a long term trend line so that is going to be very key support that would have to close below and if we did get a close below that then that triggers are really bearish case with our next target would be all the way down below 200 let's even check in on the monthly chart it's really helpful to use these timeframes so again you can see the big consolidation so essentially it's been in this range since April of 17 is when it broke into this range a tri dipped out briefly you know in that pretty big sell-off this April this March in April and then snap back in this range but essentially it's gone really nowhere you know in terms of a big consolidation or congestion it stayed in this channel besides this very brief excursion and you can also see this 275 level okay on the monthly timeframe that is also lines up with very key support I mean Kyra's it prior key resistance becoming support so that is going to be very key if we do get a close below that also and remember that 200 I talked about on the weekly coming in with the trendline we also have just blow there's a 50 month exponential coming in with the trendline also so that's going to be a very key area to watch should we sell off other than that not much going on with Tesla right now earnings on Halloween which is sort of funny so that's gonna be the next major unless some other news now we know I wanted to wait till Monday to put this out because one to see how it was you know the Tesla said okay we're not going to private anymore we're not gonna pursue that anymore we're just gonna stay public pretty much the market shrugged it off you know they did shrugged off his funding secured for twenty treat tweet which ran this off then it sold off and now today you just see we had a little volatility but it pretty much is in the same rage right in the middle between two significant levels that's why we're waiting to to figure out what to do until it gets out of this range below it would be bearish above it would be bullish other than that we're sitting on our hands so we have for you on a quick test while update and without your own soon bye for now
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