Tesla
Short

Trading overextension of TSLA: Breakdown distribution channel 🧸

Hi guys, here is my setup for shorting TSLA for next week.
As you can see TSLA formed distribution channel where is traded several days.After inside bar at 19.1.2021 (on daily chart) bears defended level 861. Today, it seem there is the brakdown of distribution channel and beggining of markdown phase.

There is data for my swingtrade:
------------------------Trade setup ---------------------------
Entry: 831.70
Stop Loss: 846
Profit target: 762
Time stop: 5 days
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bigtechfaangNQOscillatorsSupply and DemandteslateslamotorsTrend AnalysisTesla Motors (TSLA)

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