Technical analysis by jacesabr_real about Symbol TSLAX: Buy recommendation (8/19/2025)
jacesabr_real

1. downtrend , fast and mixed with areas of high volitility 2. the buyers find price to be 'cheap' here and begin the move up 3. this is an important moment, we defeat the strength of the sellers from one and mark 2 as the most powerful entity on this chart-view 4. after defeating the sellers from one, we replaced the selling orders with buying orders, sellers coming here are catipulted up to create a new high 5 4. number 4 is now a solid low with it being proven to a. be stronger than sellers who came in after the defeat of selling point 1 b. have a strong cluster of volume, resistance turned support c. we have a retest of the support and a bullish reaction * what do I think will happen * well, it looks like a case of switch and retest, with the former resistance becoming support, a stop loss below the solid minor structure 4 ( 2 is the solid major structure as 4 is part of the fractally smaller trend ) * MFI+ RSI + Accum/Dist indicator signal a divergence which is telling us to go to the downside, BUT , we also have the opposing divergence signal as well, so this nullifies the divergence signals and does not make me hesistate in the confidence of the analysis * the highs and lows still follow the principle of supply and demand or exersion and exhustion, so we can draw a horizontal line on mfi and rsi lows and see , from a significant low we also have a touch on the current price action * overall this all concludes to me that a buy trade is in order and appropriate given the current information. * we happen to have a 72% vs a 64 % , favouring the breakouts, if a candle closes, to follow through to the end of the zone , this gives us good confidence to have the target 2 zones up, with a breakeven point once price surpasses the first zone, due to the fact if it come back under, we have a 64% chance it'll come back to the genesis of our trade. you can reduce the lookback period and confirm the stats table for yourself, we only count follow throughs which are possible in real time.