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Direxion Daily TSLA Bull 2X Shares

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TSLL trade ideas

Parabolic SAR Technical IndicatorParabolic SAR Technical Indicator 📜 The Parabolic SAR (Stop and Reverse), first introduced in 1978, is a technical indicator used to identify potential trend reversals in financial markets. It is represented as a series of dots placed above or below the asset’s price. The key concept behind the Parabolic SAR is that the price follows a parabolic movement until a trend reversal occurs. 📊 When the SAR points are below the price, it indicates an uptrend. Conversely, when the points are above the price, it suggests a downtrend. If the price touches or surpasses the SAR, a reversal signal is generated, and the dots switch position. This can help traders identify potential changes in market direction. 📈 This indicator is most effective in trending markets. However, in sideways or directionless markets, the Parabolic SAR tends to generate false signals, which can lead to confusion. Therefore, its best application occurs in well defined bullish or bearish markets. 🧮 Functionality and Mathematics ▪️ The Parabolic SAR falls under the category of trend-following indicators. Unlike oscillators, which try to predict price changes, focuses on confirming the current market direction, helping traders capitalize on extended market moves. 🤖 Mathematically, is based on a formula that adjusts its value according to price and time. The calculation incorporates two key variables 1️⃣ EP Extreme Point🟰 The highest or lowest point reached during the current trend. 2️⃣ AF Acceleration Factor🟰 Starts at a low value, like 0.02, and increases in fixed increments each time the price reaches a new high or low. 🚀 In essence, the Parabolic SAR measures the trend’s acceleration, dynamically adjusting its values to follow the price. 👨‍🏫 Considerations ▪️ Parabolic SAR is part of traditional technical analysis and is widely mentioned in J. Welles Wilder’s book New Concepts in Technical Trading Systems. While useful for identifying trends, it is less effective in markets where the price consolidates, as it tends to generate more false positives, which can create confusion. ▪️ Other examples of trend following indicators include moving averages simple or exponential and the MACD. 🧐 Have you heard of this indicator? Which do you consider an essential one?
NASDAQ:TSLL
by Mariofxtr
TSLL golden fib rejectionThis is another view of the golden Fib rejection but on a leveraged version of TSLA I sometimes sell options on. You can see here the stock blasted through a wedge resistance, TSLA was clearly overvalued, profit taking initiated on the low inflation print, I expect small caps to outperform going forward for a few months. My plan is to continue to sell put spreads on TSLL -my target is 11.8$ with multiple fallback zones, the demand box is more true on a weekly timeframe
NASDAQ:TSLLShort
by Apollo_21mil
TSLL is Telsa with a boost of steroids LONGTSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range percent from its volatility TSLL does this even more at a lower per share price. On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high about July 19th. It is now in deep oversold territory supported by the redline of the second standard deviation line below the thick black mean VWAP. On the ZL-MACD, the cross under the histogram and the ascent of the lines toward the zero line shows in my opinion bullish disvergence. Upside to the target just below the POC line of the volume profile is about 15%. I will go long taking call options as : 1. contracts striking $ 16.00 for an expiration of 8/25 and, 2. contracts striking $ 17.00 for an expiration of 9/1. I am anticipating overall profits of 100% as a goal in this trade. I avoid time decay and in risk management I will close a position when it hits 100% or not less than two days before the expiration. Good luck on this trade if you take it. DYODD !
NASDAQ:TSLL
by AwesomeAvani
TSLL - a leveraged TSLA ETF sitting on dynamic support LONGTSLL moves more than TSLA as it is leveraged. TSLA is volatile for a large cap and TSLL is TSLA high octane verison. TSLL on the anchored VWAP bands has bescended into the undervalued and oversold zone supported by teh thin red line the second standard deviation below VWAP. It hit a pivot high in early July hitting the thin red UPPER VWAP line about the, I analyze a reversal is coming with the final leg down coinciding with the general market moves this week. Price is obviously below then mean VWAP and the POC line. I think the rubber band effect and bargain buying will propel it upward as may and short sellers liquidating their positions. I will take a trade of a fiar amount of stock shares as well as entertain some call options. If a trader is curious to my levels of interest leave a comment.
NASDAQ:TSLLLong
by AwesomeAvani