TSLA: buy price (1105.00)
TSLA: sell price (1050.00)
strategy: a bit complex situation, but we have to make money.
divergence between 5mn bearish and 15mn bullish. If it opens with a gap above the closing price, you will not anticipate the price would be entering the sell zone. We must wait for it to touch the buy price, if it touches the price we wait for confirmation to enter quickly and take profit in the area of mv 200 in 15mn.
our bearish entry: we will confirm it below the sell price with a possible bearish gap retest. they should let the price drop to the 988.00 double bottom zone. Option # 1 in this area we can enter against the trend until the gap closes. option # 2 wait for it to pull back until the gap closes, after the gap has closed we wait for confirmation in the mv 9 or 10 period on the 5mn chart for the bearish entry
TSLA: sell price (1050.00)
strategy: a bit complex situation, but we have to make money.
divergence between 5mn bearish and 15mn bullish. If it opens with a gap above the closing price, you will not anticipate the price would be entering the sell zone. We must wait for it to touch the buy price, if it touches the price we wait for confirmation to enter quickly and take profit in the area of mv 200 in 15mn.
our bearish entry: we will confirm it below the sell price with a possible bearish gap retest. they should let the price drop to the 988.00 double bottom zone. Option # 1 in this area we can enter against the trend until the gap closes. option # 2 wait for it to pull back until the gap closes, after the gap has closed we wait for confirmation in the mv 9 or 10 period on the 5mn chart for the bearish 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.