Emerging Channel Up pattern in its final wave was identified on the TSLA 1 hour chart. After a strong bearish run, we find TSLA heading towards the upper triangle line with a possible resistance at 327.2094. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
TSLA is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
