$TSLA LONG | CURRENTLY ON SUPPORT LEVELHello hello hello...
It's time for a brand new analysis, today we're breaking out $TSLA.
This chart is on 1 hour timeframe. As we can see $TSLA has hit the 250 mark for 2 times already and it has bounced back to 300-340 mark. This pattern has hit already twice in a row, now we will see if it happens for the third time.
RSI9 is pretty nice indicator in downtrends and if you look at the RSI bottoms it is lining up with other dips. After these dips it everytime does a correction. Even tho Wall Street is now skeptical about Tesla's future, I still believe in chart analysis. It will get up! :)
#LONGTESLA
Teslaidea
1% Day for 300 days with Tesla - Spectro Side Trend StrategyHello everyone,
I admit this is one of the setups I like most, many people frown when they see side markets. Because most of the times they lack volatility - yet, sometimes those beautiful long range channels show up. Allowing you to "ping-pong" as long as they hold. Usually, you get 2-3 bounces before they cease to exist. Look for behavior similar to this in other assets and then just apply the strategy.
Channels within a 10-30% range offer around 0.2~0.5%/day avg profit
Channels within a 30-60% range offer around 0.5%~1.5%/day avg profit
For this strategy, I'm only using one indicator: Spectro M2
The only features I'm using on the indicator is the main Spectro Oscillator with the aggressive preset and one of the pivotal leveling tools offered.
I'm not using any other confirmations but since it's a W chart, you can use XConf Algo with aggressive settings(you'll notice a small green arrow, that's the extra reversal confirmation that appears less often)