[UPDATE] TESLA Cup and Handle: Still Valid after Hawkish FOMC?Tesla, Inc.BATS:TSLAAlchemyMarketsTLDR - Tesla is likely going to be range bound within 365 - 410 today, and Monday we may see a gap to support or invalidate the Cup and Handle pattern. Thanks for all the support on the first video! I hope to answer some questions you've posted in the comment section of the first one: Is there a double top? What do you think about the Opex today? Is this pattern still solid after Warsh's FOMC? Overall, if Tesla breaks 365 and holds below, a double top pattern could play out. If that happens, the cup and handle case looks weaker. If it holds, this idea is still valid - but only confirmed once the 488 neckline breaks (and price holds above). Keep in mind that: - Tesla has Q2 earnings in July - US and Iran signed the MOU, so the 60 day peace deal is in play - Macro backdrop of the Fed is now HAWKISH - not supportive of upside price movements - Israel is still opposed to the MOU in regards to Lebanon, which means the MOU is fragile For Monday, I’m watching whether Tesla holds the $380–$365 area or breaks lower towards $337. If buyers reclaim $420, the bullish structure starts looking better again. Let me know in the comments which scenario you think plays out first. Have a great Juneteenth and take care of yourselves. – Yang