TSLA: buy price (1040.00)
TSLA: sell price (1011.00)
strategy: tsla entering the distribution stage. If the opening is above the buy price, we would have a gap and go with possible profit taking in the supply zone 1209.14 or 1243.00.
our bearish entry: since it is in the distribution stage we will see the price by first doing a retest, if it manages to open below the sell price and touches the demand zone 950.00 or 900.40, but if it crosses both prices we will be waiting at support 780.79.
Note: if it goes down until the next zone, we can enter to buy at the minimum price that it makes, until the closing of the gap that has been left at the opening (gap retest are the type of gap that first goes down and then they make a retracement until touching 9 or 10 period on the 5mn chart or closing of the gap)
TSLA: sell price (1011.00)
strategy: tsla entering the distribution stage. If the opening is above the buy price, we would have a gap and go with possible profit taking in the supply zone 1209.14 or 1243.00.
our bearish entry: since it is in the distribution stage we will see the price by first doing a retest, if it manages to open below the sell price and touches the demand zone 950.00 or 900.40, but if it crosses both prices we will be waiting at support 780.79.
Note: if it goes down until the next zone, we can enter to buy at the minimum price that it makes, until the closing of the gap that has been left at the opening (gap retest are the type of gap that first goes down and then they make a retracement until touching 9 or 10 period on the 5mn chart or closing of the gap)
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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.