Tesla The Souffle
Updated
So many shorts were forced out of the game yesterday and people are in a rush to short again because of the action, but selling is weak. Therefore, we should go long until the structure plays out or is violated. I went long yesterday as selling looked weak near 840 but I still think buying here should be a consideration. I'll consider under the 870 area a violation and 960 as confirmation.
Cheers!
Cheers!
Note
Note: The blue zone is just a target. Sell anywhere in there.Note
Could be inverse H&S pattern or just a move to the downside.Trade closed: target reached
Closed at 890, not really sure about this and premarket looks noisy.
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