EricSeto

EricSeto

Refer to Diagram to identify the entry zone.

EricSeto

Refer to chart. Given the elements, I can set up entry orders at a lower timeframe.

EricSeto

Entry zone identified to place 5 entry orders

EricSeto

Trading decision is broken down to elements and evidence: Trend: Down Timing: 1) Trend line - will break soon 2) Previous trends happen after trendline break 3) Trend line is breaking soon 4) Stoch - Turning soon 5) FIB of previous wave- 50% of previous wave 6) Forming multiple pin bars This means it is ready to be entered Moving to lower time frame to set up...

EricSeto

It's going to go down

EricSeto

Reasons for change in trend 1. Price has reached a low point of 81.5 which is 2x fib level 2. Down Big Gann Fan - Price went from 91 to 81 since April 30 (Price has travelled two zones from Light blue to White) 3. Down Small Gann Fan - Price went down from May 28 to the upper line of white area in July 4. Price is consolidating around 81 dollar There should be...

EricSeto

As the downtrend of tesla is completely coming to an end, It is encountering some resistance because of it is reaching its all time high Price is turning into consolidation. From the upward Gann fan, you will notice. the price has recently went from high speed & momentum (green area) to white area to now the blue area - This signal a potential trend change....

EricSeto

Breakout from consolidation, strong down move Bad news with greece Bounce from support and resistance.

EricSeto

Indicators to look for: 1. Narrow Range 2. Bounce back from previous top band (down trend) 3. Just a few hours ago, a spike up and the price was close to high band (the BB20 is also in narrow range which indicate break out is coming

EricSeto

Looking for an up in the next day or two