TeslaShort
TSLA to 600! The Sell off Continues Soon!
Updated
TSLA like much of the market will again resume selling soon.
We are looking some very minor bullish (buying) activity for the week. Maybe more so hoping for it to help prop (position) our short opportunities.
(875-900)
However we are Bearish on Tsla to 600 Minimum before we start seeing some real buyers stepping back into the market.
We do believe big picture we are in(heading into) a recession. We do not expect 600 to be the final level for TSLA.
However at 600 we can see a bounce back into the 750-850 range before selling off and back down to 300.. yes 300... very. bearish on TSLA.
Lets not get ahead of ourselves.. right now we have 600 in the scope. We are trading right below resistance and within a bearish pennant that would net the move.
We are looking some very minor bullish (buying) activity for the week. Maybe more so hoping for it to help prop (position) our short opportunities.
(875-900)
However we are Bearish on Tsla to 600 Minimum before we start seeing some real buyers stepping back into the market.
We do believe big picture we are in(heading into) a recession. We do not expect 600 to be the final level for TSLA.
However at 600 we can see a bounce back into the 750-850 range before selling off and back down to 300.. yes 300... very. bearish on TSLA.
Lets not get ahead of ourselves.. right now we have 600 in the scope. We are trading right below resistance and within a bearish pennant that would net the move.
Note
TSLA is moving well according to our plan. On the pullback before the big sell downTrade closed: stop reached
Hit with a huge reversal. Although we are currently looking for bearish opportunities, this idea has been invalidated.Note
TSLA is on a bounce but we will be looking for new SWING put opportunities soon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.