TeslaShort
$tsla pullback swing trade
higher timeframe is in uptrend with a weakening trend strength which means to resort to the oscillators
intermediate timeframe is showing a strong uptrend with a flattening short term moving average- indecision/potential consolidation
price action is telling me that there is a resistance at the 341.6x area with the triple pinbars
MACD is declining and starting to show downward momentum alongside the rsi
looking to a swing trade to the downside for an quick option trade to first profit target at .618 extension on lowertime frame of 338.0x area
and next profit target level at 335.5x area which on the intermediate timeframe would show a nice shallow pullback in the countertrend
setting stop tight if trade goes in other direction quickly- at 342.8x area
intermediate timeframe is showing a strong uptrend with a flattening short term moving average- indecision/potential consolidation
price action is telling me that there is a resistance at the 341.6x area with the triple pinbars
MACD is declining and starting to show downward momentum alongside the rsi
looking to a swing trade to the downside for an quick option trade to first profit target at .618 extension on lowertime frame of 338.0x area
and next profit target level at 335.5x area which on the intermediate timeframe would show a nice shallow pullback in the countertrend
setting stop tight if trade goes in other direction quickly- at 342.8x area
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