I use ALGOs as an analytic tool because they apply rules the same way so you analysis can be consistent. TSLA has had a good run on the bull biased algo, currently long from 780 on the 14th but generally winning trades last on average 5 days and this trade continues to run without enough upside pressure to exit. This to me is a sign that sellers are in stealth mode, selling rallies. This tends to morph into a larger sell wave. I do not look for a major move lover but expect a 150$
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.