Tesla doing Tesla things again... We overshot our overarching (orange) target area by quite a bit wich is telling me that the market is quite heated and a short correction is overdue. Funnily we did exactly that. The market came up, hit the correction zone and is now on its way to visit the target area. Lets see whats next
Trade active
not only is that Target hit for us and one more profitable Trade in the books for us, we also got a pixel perfect entry on the XY Level for another short. I marked out the new resistance and target levels for you guys. Might aswell tage the short down to the turquoise correction level where i plan to take the next long.
Trade closed: target reached
While the market has full legitimacy to turn at the orange micro correction level, my gut tells me Tesla is gearing up for a new higher high before resuming its descent. This isnβt the time to rush in blindlyβplan your risk carefully.
If youβre betting big on the orange level, donβt be shocked if it blows up in your face. Times like these demand patience, not greed. Let the setup come to you. The real game is staying sharp while others chase shadows.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial adviceβjust my perspective. Don't follow blindly; always do your own research.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial adviceβjust my perspective. Don't follow blindly; always do your own research.
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