ridethepig | Teeing Off in Tesla
Updated
📌 Play continues with the next hole ... as in the previous (with GBPUSD) we will keep it to three main targets initially.
Now in Tesla's case, buyers are having to overcome some difficulties in development; the highs are optimally set with an island reversal, and so the tables can be turned. Timing wise this hole could not be better placed as sentiment looks set to start an attack against Tesla which has been cramped from exhaustion after all the good news (whatever that means).
.... TSLA @ 800
What is in play ? ...using TSLA as a barometer for the whole US equity board.
If Tesla loses the current structural support it will move the whole board as collateral. More gridlock on the other hand will leave us in a continuation till FED march.
For this swing, a good, perhaps better, target for 'par' is 500 (a whopping -37% drive). The extensions below at 460 and 400 are open for our 'birdie' and 'eagles'.
Thanks as usual for keeping the feedback coming 👍 or 👎
Now in Tesla's case, buyers are having to overcome some difficulties in development; the highs are optimally set with an island reversal, and so the tables can be turned. Timing wise this hole could not be better placed as sentiment looks set to start an attack against Tesla which has been cramped from exhaustion after all the good news (whatever that means).
.... TSLA @ 800
What is in play ? ...using TSLA as a barometer for the whole US equity board.
If Tesla loses the current structural support it will move the whole board as collateral. More gridlock on the other hand will leave us in a continuation till FED march.
For this swing, a good, perhaps better, target for 'par' is 500 (a whopping -37% drive). The extensions below at 460 and 400 are open for our 'birdie' and 'eagles'.
Thanks as usual for keeping the feedback coming 👍 or 👎
Note
A quick 📍 point of order here, some large hands spotted unwinding on the open, we might get the breakdown as early as the close/tomorrow.Note
Note
Sellers are going to attempt the attack...Note
-8% hereNote
Note
Note
Looking good....
Related publications
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.