Long

TSLA - Bullish- or Bullshi-

TSLA looks to be making a beautiful inverse head and shoulders.

Considering how far off it is from the ATH, I wouldn't be surprised if we reach it once more before creating a double top.

Butttt, I don't like jumping that far into the future...

Failure is always a possibility especially for such a large inverse head and shoulder - but I like the current price point, the current reversal pattern, the golden cross appearing on the 1 day and all the insider buys. This helps support a strong inverse H&S.

Positions currently holding are calls for 9/20 strike 250 for now which are only up 50%. If moves tomorrow I'm expecting 216 (there's a tiny gap there).

With all eyes on these next two weeks will be interesting.

CPI is also being released tomorrow - most likely will be either below or at expectations.

This is not investment advice - trade at your own risk duhhhhhhhhh

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TSLA 250 9/20 call over 125% up. Started trimming some and will be opening up 270 calls for 9/20 with profits.

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On a side note I said 216 yesterday - but yesterday was more of a consolidation day. I am watching for 216 today.

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Approaching 216 target. My 250 call is over 200%. Closed almost all except 2. Holding those for when we start filling the enormous gap at 235.

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Trimmed many calls since some of them were near 200% up and then went into some 300 9/20. Not as confident in these - it would mean a huge move is coming. I could see a squeeze on the horizon.

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Wow, great moves here. Still looking for that 235 gap to start getting filled. Still 10% down on the year and far from the ATH.

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A bit of a sell off but my calls are a month out so I'm okay right now and will be adding to my position (this is not investment advice)

Tesla looks to be making a smaller inverse H&S within its larger inverse H&S (this usually happens).

This will be the first test of the larger inverse H&S - if this fails - it means failure for the larger inverse H&S and its back to the drawing board for me.

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The first test was successful! Wow, what a week. At one point I was questioning myself - kept adding to my position as the stock went down. I was a bit overleveraged - BUT it played out! Contracts reaching 100-300% in returns. Today I am looking for 248... The next test will be 271. Failure is possible at any point. Sold majority of my contracts, still have some 260 9/20 calls that I am holding and a bunch of 300 9/20 calls since they are still cheap. If and when 248 hits I will be rolling out all positions for November. I believe we could see a serious squeeze here - similar to NVDA but more aggressive. Keep in mind TSLA is still far off its ATH. It barely gained any momentum through this year. I have been bullish on TSLA since June when I first spotted the reversal. If TSLA hits 300 before November I made a promise to Papa Elon that I will get myself a Tesla.

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Beautiful breakout on that smaller inverse head and shoulder. Can't believe I started this trade when TSLA was at 207! If I would've believed in myself I would've made way more than I did. That is why confidence in this market and doing your own research is vital!

MadameWolf

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MadameWolf