TSLAIDEA
Wanted to see if our strategies work on the stock markets. Saw price contracting and then expanding and then formed an M. Entered on the 618 retracement on our fib (circled green). Trade would likely not have been in any drawdown but TSLA bought 1.5 over the weekend and this sparked the price clearly. Otherwise, this is a definition of a PENGUINED trade.
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.