TeslaUpdated TSLA consolidating - be patient
20sma is flat. Yellow lines connect candle closes, while blue lines connect highs/lows. Hourly chart also shows 20sma in cloud and you can easily see narrowing range. I am watching for now.
Trade active
See this 2:30 closing candle. Within the consolidation, price action has been much closer to the support line. With a 3-day weekend coming up, I see indications for a second leg down. With IV much lower than it was last week (options cheaper) I am buying 2/21 expiry 680 puts. Will sell all or most before weekend.
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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.