TSLA: buy price (1244.00)
TSLA: sell price (1220.00)
strategy: we have a red closing candle on the daily chart could be a gap and go if the opening is above the buy price, but we have a problem the weekly chart is very extended, also very overbought caution with the bullish entry.
For the bearish entry: if the opening is with a wide gap, managing to cross the sell price of the mv 200 in 5mn the supply zone, we should not anticipate, in this case we will have a retest gap. This type of gap must be allowed to fall, then it does the pull back at mv 9, or 10 period on the 5mn chart works better. We wait for confirmation in that area to put our entry
TSLA: sell price (1220.00)
strategy: we have a red closing candle on the daily chart could be a gap and go if the opening is above the buy price, but we have a problem the weekly chart is very extended, also very overbought caution with the bullish entry.
For the bearish entry: if the opening is with a wide gap, managing to cross the sell price of the mv 200 in 5mn the supply zone, we should not anticipate, in this case we will have a retest gap. This type of gap must be allowed to fall, then it does the pull back at mv 9, or 10 period on the 5mn chart works better. We wait for confirmation in that area to put our entry
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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.