TeslaLong
TSLA Bullish Continuation Setup with 370 & 380 PTs
Summary: TSLA is forming a rising triangle continuation setup against 358-360 supply zone. Multiple instances of sequentially higher lows and similar highs Expectation is bullish breakout and PTs would be 370 & 380 after a confirmed bullish breakout above the 360 supply zone (or 362.53 pivot if you want to be safer). Stop loss after entry would be 355 (or tighter depending on your risk tolerance and expiration on contracts).
Risk vs Reward: +$20 upside, $-5 downside for 4:1 ratio (assuming ~360 entry)
Risk vs Reward: +$20 upside, $-5 downside for 4:1 ratio (assuming ~360 entry)
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