Tesla 4hr aggregation period with AH ON has produced clean trends that are easy to identify especially with the Heiken Ashi Candle. The s3xy algorithm, which is specifically back-tested on a 30 min aggregation period AH OFF, is currently LONG; however, on the daily period the algorithm is still in a SELL SHORT position. Moreover, the daily candle closed higher than the previous high which is unusual price action as we expect the bearish price action to trade lower. Trading above the 6 day ma, we can conclude the bullish trend in TSLA is once again intact and may produce an explosive move April 22 which will force the algorithm on the daily to transition from SELL SHORT to Neutral or Brute Force the signal straight to a LONG position on the daily. If Brute force happens, then this can result in an explosive move higher which we believe can be greater than 5 to 8% within 3 days taking out the 780 and quickly moving toward the psyche tgt 800.
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Website: tosoption.com
Discord: discord.gg/b2s56tmVgC
Free Checklist: subscribepage.io/gap_reversal_checklist
Youtube: youtube.com/@TOS_OPTION
Website: tosoption.com
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.