TSLA Bullish Distribution Pattern
Updated
Calls are Getting ROASTED! .. PUTS are next..Wall-Street loves to make money!
This is just a possible Schematic - our small frame indicators helped to call out distribution and bearishness in TSLA .
I believe the Composite Man would make one more liquidity grab before dumping off? .. the markets are ready to bounce before the next big sell-off
I would like to see a higher high with bearish divergence on the Daily indicators before stating that this is it for TSLA... to easy...
I closed shorts, repurchased my shares sold @$198 & $210 for a discount... I think TSLA may have some juice left in its battery for one more move.
I will do more analysis later and keep you posted
This are just my ideas - not recommending anything
This is just a possible Schematic - our small frame indicators helped to call out distribution and bearishness in TSLA .
I believe the Composite Man would make one more liquidity grab before dumping off? .. the markets are ready to bounce before the next big sell-off
I would like to see a higher high with bearish divergence on the Daily indicators before stating that this is it for TSLA... to easy...
I closed shorts, repurchased my shares sold @$198 & $210 for a discount... I think TSLA may have some juice left in its battery for one more move.
I will do more analysis later and keep you posted
This are just my ideas - not recommending anything
Note
Tesla is currently breaking out with Market- Measured move of this break-is $198 If Tsla can get that high, it has a chance to reverse the Island Gap reversal from yesterday and re-enter trading zone $195-$197 will be tough to get through -Note
Max-Pain on Options
-$195 MAx Pain Between $193-$198 is best for Wallstreet to make the most $$$
- 115,00 $195 puts 120,000 $200 Calls
POC on Volume Profile is $197.18 *I want to see price Close above $198
Note
Note
$197 is Important
Note
Daily Close Does not look good.. this is a pivotal point for TSLA..technically:Note
TSLA needs to get above $197-$198 area...Here is revised Schematic
Note
Only Bullish Scenario I see right Now is: Correction "Accumulation" Break-Out Wedge:
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