TSLA: Trading range: two situationsOn TSLA as we can see, we are in a trading range situation. Therefore, we are faced with two situations.
- First situation: If the resistance line is broken forcefully by a large green candle and followed by a large green volume we would have a high probability of having an uptrend.
- Second situation: If the support line is broken forcefully by a large red candle and followed by a large red volume this means that we would have a high probability of having a bearish trend.