TSLA sold off 9.24% today.... insane if you took that short from open. My risk to reward here is to the upside only because we sold off that much. Here is im going to play it:
I see a break and retest pattern tesla is sitting at a demand zone but the trend is bearish
If we open strong ill take it long to take profit at the retest while scaling out at the supply zones. If we open weak ill wait for it to find a retracement to short and target is the next demand zone.
NQ is sitting below the channel and at demand. So if NQ got a relief bounce my TSLA analysis will hit my long position or maybe it may go higher to hit POC
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