Trading overextension of TSLA: Breakdown distribution channel 🧸
Hi guys, here is my setup for shorting 
TSLA for next week.
As you can seeTSLA formed distribution channel where is traded several days.After inside bar at 19.1.2021 (on daily chart) bears defended level 861. Today, it seem there is the brakdown of distribution channel and beggining of markdown phase.
There is data for my swingtrade:
------------------------Trade setup ---------------------------
Entry: 831.70
Stop Loss: 846
Profit target: 762
Time stop: 5 days
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Leave a comment that is helpful or encouraging. Let's master the markets together.
TSLA for next week.As you can see
TSLA formed distribution channel where is traded several days.After inside bar at 19.1.2021 (on daily chart) bears defended level 861. Today, it seem there is the brakdown of distribution channel and beggining of markdown phase.There is data for my swingtrade:
------------------------Trade setup ---------------------------
Entry: 831.70
Stop Loss: 846
Profit target: 762
Time stop: 5 days
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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