$TSLA $TELSA Shooting star on the daily chart
I know shorting TSLA is not the most successful move historically. However, this seems to be a text book shooting star candle, above a gap. My method of targeting with a shooting star(or hammer) is simply to measure the length of the candle, and extend it from the point of breakout from the candle, so basically expecting a move of 1:1 ratio of the shooting star from its bottom point. It just also happens that the target in this scenario would close the gap perfectly, which is quite the coincidence. My play is next week 950 puts. If there is a new high, I will be jumping ship on this trade. Not financial advice
Note
Today doesn't look promising
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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.