Tesla doing Tesla things again... We overshot our overarching (orange) target area by quite a bit wich is telling me that the market is quite heated and a short correction is overdue. Funnily we did exactly that. The market came up, hit the correction zone and is now on its way to visit the target area. Lets see whats next
Dagangan aktif
Dagangan ditutup: sasaran tercapai
While the market has full legitimacy to turn at the orange micro correction level, my gut tells me Tesla is gearing up for a new higher high before resuming its descent. This isnโt the time to rush in blindlyโplan your risk carefully.If youโre betting big on the orange level, donโt be shocked if it blows up in your face. Times like these demand patience, not greed. Let the setup come to you. The real game is staying sharp while others chase shadows.
Nota
As you can see, weโve already hit the resistance line, setting the stage for a retracementโwhich just so happens to be the perfect entry for our second short. In my view, we need to tap into the turquoise level before we see the major ATH-breaking move, making this level a double confirmation for our short setup.
The setup is clearโnow itโs all about execution.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.