TSLA From Erections Come Corrections while double topping.
These are both very powerful structures that have formed and bulls should be very cautious. Taking profits here is advisable.
Fundamentally speaking it goes without saying, that TSLA is stupidly expensive.
Here is my previous bull call in TSLA that yielded a beautiful 50% plus return.))
These are both very powerful structures that have formed and bulls should be very cautious. Taking profits here is advisable.
Fundamentally speaking it goes without saying, that TSLA is stupidly expensive.
Here is my previous bull call in TSLA that yielded a beautiful 50% plus return.))
Trade active
Crash Course On Double Tops.Double tops are not as black and white as people think.
They can reverse just before - At - or break take-out stops and reverse.
Right now TSLA looks like 3 given the current erection structure in place going verticle.
Continuing to take profits is the best play one could make.
Shorting is out of the question. "Up too much" is not a valid trading thesis.
Trade closed: target reached
Are you surprised TSLA lost more than -14% last week?You shouldn't be if you were following me.
As I pointed out in my last update there are 3 types of double tops and we were likely #3 "Just above Fail"
MAGIC!!
Note
Since my call from erections come corrections TSLA is now down 16% from its high and gone green on the trade.Happy New Year! To all more great calls to come in 2025!
Note
From bad to worse! Sales collapsing in EU.
Real Macro Economic Investing
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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.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
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.