We must be careful now!
Now, Tesla is in the bottom level of a congestion, and it can’t close a candle under the 622.45, which would trigger a possible double top, with a target at 596. And yes, now I'm out of Tesla :), but I'll keep seeking another opportunity!
Tesla is moving very slowly, and the volatility decreased today. At one point, it’ll become more volatile again, but this ruins the idea of any possible trade around.
We have a possible advanced breakdown, and it’ll be confirmed if it closes under the 622.45 tomorrow. But I think it is a good ide to short it only if the risk-reward makes sense. Knowing that our target is the 596, and the stop-loss would be somewhere the 628, the entry point will make all the difference.
The 4h chart has a possible round top formation, and it can hit the 20ma or the 596 again, but we lack more patterns.
Given these signs, I’ll remain cautious with Tesla this week, and if it triggers the double top / advanced breakdown, it can drop to the 596. We’ll see if Tesla will do anything good this week.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Tesla is moving very slowly, and the volatility decreased today. At one point, it’ll become more volatile again, but this ruins the idea of any possible trade around.
We have a possible advanced breakdown, and it’ll be confirmed if it closes under the 622.45 tomorrow. But I think it is a good ide to short it only if the risk-reward makes sense. Knowing that our target is the 596, and the stop-loss would be somewhere the 628, the entry point will make all the difference.
The 4h chart has a possible round top formation, and it can hit the 20ma or the 596 again, but we lack more patterns.
Given these signs, I’ll remain cautious with Tesla this week, and if it triggers the double top / advanced breakdown, it can drop to the 596. We’ll see if Tesla will do anything good this week.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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