I am opening up a long position on 
TSLA for the following reasons.
We are in a huge bounce area. On the 4 hour timeframe:
Aside from technicals, we have earnings coming up which is our catalyst. This is a very risky trade and I'm only risking 0.25%.
Take Profit 1: 225.81
Take Profit 2: 243.67
Take Profit 3: 256.65
Stop Loss: 202.07
TSLA for the following reasons.We are in a huge bounce area. On the 4 hour timeframe:
- There's a clear trendline forming which we are retesting
- Retesting a 4 hour order block
- Retesting lower band of Bollinger Bands (Nadaraya smoothed)
Aside from technicals, we have earnings coming up which is our catalyst. This is a very risky trade and I'm only risking 0.25%.
Take Profit 1: 225.81
Take Profit 2: 243.67
Take Profit 3: 256.65
Stop Loss: 202.07
Note
SL hit
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Join our FREE Discord for live trading sessions, signals, & trading resources: discord.gg/FluxCharts
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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.