Cycle Trading

Tesla has been in a triangle consolidation for the past 5 months.

The resolution of these triangles usually result in a trending move. At this point we do not know if it will be a bullish or bearish trending move. What we do know, from the Weekend Report, is that stocks are in their timing band for both a daily cycle low and an intermediate cycle low. So if this consolidation resolves when stocks print their pending DCL and ICL, this could send Tesla on a bullish trending move.