Hey traders! Here’s my quick take on TSLA based on the 1-hour charts, highlighting both technical analysis and GEX insights:
📈 Technical Analysis (TA):
* TSLA recently surged strongly upwards, currently pausing within a small green reversal zone around $281–$282. This zone suggests potential exhaustion in bullish momentum.
* A significant red reversal zone marked at $230–$240 indicates strong potential support if TSLA retraces.
* Clear Change of Character (CHoCh) detected at these reversal zones—highlighting their importance.
* Pay close attention to price action around the current green reversal zone. Failure to push higher could lead to a healthy pullback.
📊 GEX & Options Insights:
* Strong CALL resistance and highest positive NET GEX at $270–$275. If bullish momentum continues, price could magnetize towards this gamma wall.
* Strongest PUT support lies at $230, aligning closely with the technical support (red reversal zone). Crucial area for downside protection.
* IV Rank is relatively high at 57.9%, making options expensive—good for premium sellers or credit spread strategies.
* CALL ratio at 41.2% indicates mixed sentiment, leaning cautiously bullish.
💡 Trade Recommendations:
* Bullish Scenario: If TSLA confidently breaks above the green reversal zone ($282), consider calls targeting the gamma level at $300. Tight stops recommended below $278.
* Bearish Scenario: On clear rejection within the green zone, look for put opportunities, targeting a pullback towards the red reversal zone at $240.
* Neutral Strategy: High IV makes credit spreads or Iron Condors attractive between $240–$300.
🛑 Risk Management: Manage your trades carefully given high volatility and significant reversal zones.
Stay safe and trade wisely!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
📈 Technical Analysis (TA):
* TSLA recently surged strongly upwards, currently pausing within a small green reversal zone around $281–$282. This zone suggests potential exhaustion in bullish momentum.
* A significant red reversal zone marked at $230–$240 indicates strong potential support if TSLA retraces.
* Clear Change of Character (CHoCh) detected at these reversal zones—highlighting their importance.
* Pay close attention to price action around the current green reversal zone. Failure to push higher could lead to a healthy pullback.
📊 GEX & Options Insights:
* Strong CALL resistance and highest positive NET GEX at $270–$275. If bullish momentum continues, price could magnetize towards this gamma wall.
* Strongest PUT support lies at $230, aligning closely with the technical support (red reversal zone). Crucial area for downside protection.
* IV Rank is relatively high at 57.9%, making options expensive—good for premium sellers or credit spread strategies.
* CALL ratio at 41.2% indicates mixed sentiment, leaning cautiously bullish.
💡 Trade Recommendations:
* Bullish Scenario: If TSLA confidently breaks above the green reversal zone ($282), consider calls targeting the gamma level at $300. Tight stops recommended below $278.
* Bearish Scenario: On clear rejection within the green zone, look for put opportunities, targeting a pullback towards the red reversal zone at $240.
* Neutral Strategy: High IV makes credit spreads or Iron Condors attractive between $240–$300.
🛑 Risk Management: Manage your trades carefully given high volatility and significant reversal zones.
Stay safe and trade wisely!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
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.
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.