Short the break of the bottom of the inside candle targeting the .5 fib line.
While in this uptrend I will only look for bullish trades. In this example it is the breakout of an inside candle to the upside with targets around the $200 mark.
Bullish trendy playing break of inside candle. Looking for new highs.
Any dip from $120 above the supporting trendline is a buying opportunity.
The current pattern being played out in TSLA is a Zig-Zag to the downside. I personally will build out my put position if we are under 750. Break of 750 will take the price to 770 which is the end of the alternate Zig-Zag. If 700 is broken a new pattern should occur before hitting 676, under 676 is the end of the world. The best-case scenario is a drop to the...
I believe we are in a wave 3 in TSLA headed towards the 770 price point. There might be a short-term rejection in the 749-754 area which will provide a dip-buying situation but if there is enough momentum we could see a very brief rejection as we saw today.
I believe that a W4 is invalidated under $724 which then would provide more downside. Looking for a swift push-up tomorrow. Very good risk-reward ratio.
High-risk reward possible W2 entry for the next leg up.
High risk-reward Wave A situation after 5 wave impulse.
Looking for a high-risk reward situation on a Wave B entry with SL at highs
I want to buy on a possible W2 dip and ride it to $700
If the price stays below $305 there could be continued downside till the TP points which then would turn the position into a long if the pattern plays out.
The 4th wave retraced back to the 61.8% Fibonacci level of the 3rd wave which is a great entry for the 5th wave. I put SL below the 50% retracement and the first TP at the weakest 5th wave peak would be and the second at the highest.