$TSLA Still Hurdles to Clear PBSSo most of my trading is done on my own stream during the day, where price opening tells me MOST of what I need to know about the stock going forward and we have straight forward rules for that. Currently we are still trying to break a WEEKLY downtrend, and battling to resume a lower time frame uptrend.
Have a great trading week!
Potterbox
$TSLA Channel and PBS. $262-$264 Decent close above a lower time frame sell wall 251.50 but hoping to avoid a gap up to resistance.
In order to move higher we want to DISPLACE SELLERS.
In order to do that, we need to gap up above their average (sell wall) This will mean the first move is down. Wave wise we don't want to see 3 rejections. I believe that the projected and now real channel you see here (posted multiple times on X) is set to hit resistance.
I also have a COST BASIS to break at 257.50
Breaking Cost basis in a Potter box GIVES YOU A NEW HIGH.
I project that this new high will be the gap fill and an attempt to close where buyers control at 266.50 and 267.
I trade unbiased everyday and my trade is dictated by the open price and where that is in my chart. This determines everything.
We hit our targets daily, and with this system i use
NO INDICATORS
NO VOLUME
NO ORDER FLOW
The market is mechanical, let me prove it to you.
$TSLA Deep Dive TA LONGSo, as you can see on the chart 240 has provided strong reversals to the upside and of course is a large cost basis on the daily (see PBS video) So a gap down under this mark and hungry bears will eat that gap below. If we Bounce, then we have a gap above and I think this very dynamic will create range. A gap down would change that as we only have opinions above the chart and its triggers. Now above us we have 252, which is an area where buyers control the price. I expect if price settles above this, we will attempt a break of cost basis 257.00-.35. This mark is a HUGE sell wall on the daily and has been responsible for capturing price and pulling it down. Breaking this would displace the heavy sellers above and move us up.
$TSLA Punchback Long? Tomorrow's gap will tell us exactly where we will be heading for the week. We are currently in a potential range between two large earnings gaps. Giving me the feeling, we will stay in a wide range.
I use my own strategy Call the Potterbox Strat. Of course, there are lots of way to place consolidation, but I have learned the market is mechanical through years of observation. Therefore, I use no volume, no indicators, and still come out with accurate price marks.