When we last looked at Tesla, it was testing the lower stem of the triangle consolidation it has been in for the past 5 months. And when the consolidation resolves, there is usually a strong trending move that follows.
Tesla tested the trend line again on Wednesday — and it held. Tesla went on to form a daily swing low on Thursday. Stocks are currently in their timing band for both a daily cycle low and an intermediate cycle low, which I will cover in the Weekend Report. And stocks printed a bullish reversal on Thursday. So if this consolidation resolves as stocks print their pending DCL and ICL, this could send Tesla on a bullish trending move.
Cycle Trading 
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