Don’t Ignore the Bearish Yellow Candles: $RKLB’s Last 3 Weekly Signals Called the Drops (August 29, 2026)
Don’t just focus on the bullish red candles. Yellow candles on the weekly chart have been more than 90% accurate. Let’s backtest these bearish signals. The last three yellow candles have been spot-on in predicting the drawdowns:
1. First yellow candle appeared when $RKLB was at $63, then it dropped to $37.57 (–40.4%)
2. Next yellow candle showed up at $77, then it dropped to $56.13 (–27.1%)
3. Most recent yellow candle printed at $120, then it dropped to $58.20 (–51.5%)
Support zone currently sits at $56–$58. Watch whether $RKLB can build momentum around the momentum bar in the $65–$67 range, which is currently acting as near-term resistance!
$TSLA (September 2, 2026-Daily Chart)
How to read my chart more accurately?
1. A volatility hole together with a descending blue ribbon is an early bottoming signal. Weaker stocks usually need two or three of these holes; stronger names often need only one.
2. After this reliable indicator, price typically enters a choppy consolidation. Both red and yellow candles appear. This is the phase where whales shake out weaker retail holders.
3. When the descending blue ribbon (downtrend) begins to tighten, it often marks the start of a new uptrend. That uptrend is confirmed by the appearance of the bullish red ribbon or a trend reversal red candle.
4. On volatile names, red and yellow candles can keep alternating. That does not break the trend as long as candles close above the upper edge of the red ribbon.
5. If the bullish red ribbon tightens and a bearish yellow candle prints at the same time, it is typically a temporary topping signal. Short-term traders should consider trimming or exiting.
TSLA daily update
The most recent volatility hole formed when TSLA traded at $301. That was the early bottoming signal. Since then, daily candles have printed higher highs and higher lows, and whale accumulation has risen steadily to 16.35%, in line with the current uptrend.
Price is currently filling the July 23 gap between $342 and $372. Once that zone is cleared, the next resistance levels sit at the momentum bars of $380, $405, and $411 respectively.
I update TSLA for my community every day. I do not give wild target prices. Nothing moves straight up, and no one owns a crystal ball. Simply follow my signals to buy/sell.