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Today I will present a new instrument that I have been looking at for a long time. So far, Tesla has been going up with such a strong trend that there was no room for a position against the trend. For a trained eye, you could even compare the chart with BTC which also went up like a string. But let’s face it, everyone wants to make a profit in the end. It is up to the investor what rate of return he or she satisfies. In the case of Elon Musk’s company, we can see that yesterday’s price hit the fibo 50 level and there was a V-shaped reaction almost immediately on a low time frame. What is expecting? Corrections for local resistance and reaction as this overlaps with the next fibo shown in the second image.
