SEASONALITY: If your a seasonal trader keep in mind this week generally returns +3.04%
Elliot wave: I believe we completed the A wave and we may see a big bounce to complete the B wave
Structure: TSLA has not break structure yet, structure break is at $240
Support Levels: $256 and $245
Resistance: $270 and $280 ($280 is the level to watch we may get a big rejection off that level(
As for now this is a liquidity wipe out so your high probability trade would be to long.
TSLA has hit our target @$257 and has reacted off of it.
If we manage to get above $271 we will most likely see $280
If we get rejected by $270 look for support at $262 once again
$280-$290 has a massive imbalance and its not about if it gets filled but when it gets filled
Follow the money
good luck god bless
Elliot wave: I believe we completed the A wave and we may see a big bounce to complete the B wave
Structure: TSLA has not break structure yet, structure break is at $240
Support Levels: $256 and $245
Resistance: $270 and $280 ($280 is the level to watch we may get a big rejection off that level(
As for now this is a liquidity wipe out so your high probability trade would be to long.
TSLA has hit our target @$257 and has reacted off of it.
If we manage to get above $271 we will most likely see $280
If we get rejected by $270 look for support at $262 once again
$280-$290 has a massive imbalance and its not about if it gets filled but when it gets filled
Follow the money
good luck god bless
Trade closed: target reached
Note
We have hit this support multiple times, use caution
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.