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Rangebox

Tesla larger ABCD pattern targetWe broke and closed above the resistance level ~763 while also trading in the upper trading range box - while this could mean we go near ATH it could also turn around and go back into the middle trading range - esp. due to levels and previous bearishness and 'event' area at this area. Next level is at ~780 (this level have been hit almost exactly before) - if rejected it is forming a double top pattern (most retail traders does not spot this type of DT) in play. Using AB=CD pattern we can see that it now targets low of the lower doubled trading range almost exactly should it get rejected at current price. Overall, I see lots of sell and short oppotunities near to medium term.
NASDAQ:TSLAShort
by candy_man_
Upward Movement ExpectedA strong move may cause an up break for the range box and TL1. I will enter if that happened with a good candle. I also could wait for a pullback to the range box to enter. My stop loss or second buy could be around $0.9 according to the candle's status. and I'll take $1.28 as my first target and $1.5 as the second target. TL2 has been broken by a range which reduces the importance of the breaking. Also, there are two abnormal pin bars in the range that prevent me from believing the price will keep falling. Even so, it’s possible to have a down break for the range. In this scenario, $0.87 to $0.9 could be a strong buy zone if it fit one of my strategies. I'll update the idea according to the situation. : ) Indicators used: - Trend Key Points - Abnormal Pin Bar - Common Candlestick Patterns - Volume
Long
by bhnmzm
3
Tesla at top of Range w. be bear flag now at major resistanceRecent channel up forming a bear flag, now at top of current price range. Near some major horizontal resistance levels/zone going from ~740-780. The important thing to watch for is the medium term (lower) trendline that is drawn - this one is being tested multiple times recently and could break if tested again in near future. Tesla is very dangoureus to trade with lots of false moves taking place (since the top) - the 1w chart is also very bearish in itself (unless it goes and holds above ~790). There is very little market structure should a steeper fall commence. Looks for price rejection near level on a lower timeframe (eg.1d-1h) for entering a short trade - or a breakdown from consolidation.
NASDAQ:TSLAShort
by candy_man_
1
Natural Gas- Follow up of prev. video, the part that was mutedFollow up of previous video, the part that was muted where i talked about natural gas. 27.02.2021 Shout out to Miss S ***what i was was saying last minutes of the video. with the triple box set up. if it breaks and doubles lower it can close the gap lower or breakhigher and double higher. at the moment all i really see and say in an objective point of view is: 1. is a buying tail that closed above support and into the ranging box of a failure to break lower 2. it hit a 1.272 and made it into a buying tail and the range did hold for a few weeks now, maybe another attempt higher to top of the box might not be bad idea cons i have in mind is that is a big gap lower, if it dobles down to close the gap, there are buyers
NLong
by DiAngelo
5