TSLA MY DAY TRADE

Updated

sorry -Late morning - set setting to the 2 min

Will post info Later

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break of channel - TSLA may want to retest bottoms or retrace to 0.618 or 0.76

Note

OK - That was a hap hazard rush job of a trendline..
I think Tesla wants to go towards $195-$200... We could see a retest of Pre-market Lows or $184.. then move back towards 200 ... Max Pain on Options sits @ over $200 as of Today *this (changes Daily) Market Makers will Capitalize on the Fear, rope in sellers, Then create another FOMO situation Before the Big Sell-OFF

*Markets are signaling a bounce is under way - This tells me that the Market is looking to the Employment Data and Fed next week before putting the Final Nail in the coffin.. then the Real Sell-Off will Begin

Using the 1 min 50 ma & Vwap are working well for me
also using 2 min 21 ema + 200 ma cross w/ 8 ema as a predictor of forward price movement.

Good Trading & hope to get back to trading later today or tomorrow

Note

Wyckoff Accumulation in Progress: next test will be @$193 , We may see another big "Shake-Out" below the Lows before the Mark-Up
Watch Volume Bars and price action & how the Candle Bars correlate
*Don't Trade in the Middle

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Possible scenarios :

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Rounding top see chart for my entry / exit... I think this will lead to bigger drop, if TSLA does not regain $198

Black_Sheep1

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