SPY Overnight Bounce to trap EARLY BULLS 🤔CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100
Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off.
One more low and stop out early bulls and trap late sellers and send it higher.
Bulltrap
Nasdaq Bull Trap StudyIntroduction
I lost a lot of money when I began trading in 2018, and truth be told I have not made it all back yet. For years I blew up accounts not being able to recognize bull traps and properly set my stop losses (or take profits) and I engaged in a lot of capital destruction. As such I have spent a lot of time trying to make sure I don’t destroy more of my capital in trading another bull trap. The real question for myself is “Have I become vigilant (seeing what is there), or hyper-vigilant (seeing what is not there).
Analysis
This is a simple application of support and resistance. What was support flips and becomes resistance. But, because we suspect there may be a bull trap we are looking for a potential fake out. So the resistance may look like it is going to fail.
In this case the star indicator is the gaussian channel. We are looking for it to act as support and then flip to resistance. But as the gaussian channel flips to resistance it might look like it will fail and the bullish trend will continue.
That is what we see on our main chart. Price has popped out of a red gaussian channel and so some people may be bullish and expect continued upside. They may be doing fib extensions to the upside as part of their targeting.
For this idea, the Keltner channels is along for the ride. Price pushed the Keltner channel up for the impulse and now I expect to see the top of the kelter acting as resistance on the way down.
Due to the speed of the moves we can see the same thing happening in the 2017-2018 topping formation for bitcoin on Ethereum, but this time on the daily charts.
Eth Example Two bull traps
The main chart is on the weekly timeframe but we are looking at Eth and Bitcoin on the daily. With this set up the Gaussian channel was able to turn green again, once again selling the bull trap. The indicator was green and for the past several years that was suggesting continuation to the upside. But price broke down and the channels acted as resistance until ETH met a major target at the 1.618 extension.
Bitcoin Example of Two bull traps
In the case of Bitcoin with the first bull trap we set up a longer-term consolidation pattern that had people calling for saucer reversals, cup and handles, etc. Signs of green we seen as potential for more upside while more experienced traders were calling for more downside.
Topping in select Equities
Amazon
Tesla
Microsoft
Lulu
Meta (might actually have some more upside potential
Final Thoughts & what I am doing
The equities markets move relatively slow compared to crypto and if bitcoin was able to create a long consolidation structure (ascending triangle) it is not beyond reason to think that the NASDAQ or other indexes cannot either. Bear market rallies are often hard to predict and lead to lots of shorter/options traders loosing money because they did not close their shorts in the money.
I am biased short in the short term. I have one long that I think will be profitable but when that has reached a target I am only shorting. I don’t want to deal with the complexities of having both longs and shorts. It can really hurt your head.
My main trade is merely holding my MATIC short until it hits the monthly SAR.
Somehow Bitcoin, despite all of the negativity, looks to be in the early stages of a bull market.
Maybe we will see bitcoin steal some money away from the Nasdaq rather than having both plunge.
US30 - 28th to New month - NFP WEEK! Good Day mates
Happy new week - even though its already Wednesday. Time away from the charts is always a good thing.
This week we have major US news
- Previous week liquidity all taken
- Liquidity Gaps created
- Bullish price action
- Breaking previous highs
Last week the 4hr flip zone (34679)
held strong. Price respected this zone very much. Price kept sweeping sellside liquidity.
im expecting price to push higher until Friday, we will see corrections as noted with the gaps however i strongly believe that a seek and destroy profile is on the cards this week
Good Luck ! Trade safe and follow your rules
XAUUSD - Bullish momentum or Bull Trap?Yesterdays PMI data came in and most probably busted many accounts. I watch these live videos on socials. Counted at least 18 people with sell orders for gold yesterday...
we can see bullish momentum with gold currently
- Breaking previous highs
- Sweeping lows
- Buyside target
We can also see sell side liquidity, as market is creating higher highs, sellside liq is building..
What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;)
Those psychological levels are in play..
Follow your rules !
Bull Trap4h and 60 min charts are in a down trend. Supply zone is fresh and is inside of the 4 hour TrendCloud. Keeps hitting the supply zone on the 1 hour TrendCloud but we are cycling up on the 4 hr and we need to respect the corrective move and that higher timeframe. Therefore I am setting up the supply zone that has a 4 hr TrendCloud within it.
BTC going deeper ($23.3K to $22.5K)BINANCE:BTCUSDT BINANCE:BTCUSDT.P BYBIT:BTCUSDT.P COINBASE:BTCUSD COINBASE:BTCUSDT OKX:BTCUSDT
BTC may going to break the resistance but it will be a bull trap IMO.
on long term scenario fibonacci circle and retracement both show deeper correction (somewhere near $23.3K to $22.5K).
The only thing here is a long term support before correction zone. Let see how price react to that.
ADAUSD | Wave projection | Double combination - Bulltrap D-waveA potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone.
A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%.
Good Luck
Cracking the Code of Bull and Bear TrapsHey Friends, let's dive into the captivating world of bull and bear traps. These traps can be quite the wild ride, so buckle up and get ready for some trading knowledge! A bull trap, my friends, is a sneaky maneuver by the market. It lures unsuspecting traders into believing there's a bullish breakout on the horizon. But guess what? It's a trap! The price quickly reverses and sends those traders into a tailspin, caught in a frenzy of false signals. Don't let the allure fool you!
Now, on to the bear trap. It's the flip side of the coin, my friends. Just when you thought the market was about to take a nosedive, it surprises you with an upward surge. It's like a magician's trick, leaving all those who bet on a bearish breakdown scratching their heads. Bam! The bear trap strikes, and those traders find themselves caught in a bullish whirlwind they never saw coming.
To navigate these treacherous traps, my dear traders, exercise patience and wait for confirmation. Don't jump the gun at the first sign of a breakout or breakdown. Look for additional indicators to support the move and keep a close eye on volume. Strong volume is the key, my friends! And don't forget to set those stop-loss orders, strategically placing them to protect your positions.
Now, remember, studying market structure and learning from past mistakes is essential. Analyze historical traps, dissect their patterns, and absorb every little detail. The more you educate yourself, the better prepared you'll be to dodge those cunning traps in the future.
So, my fellow traders, stay sharp, stay nimble, and stay ahead of those traps. It's a wild journey out there, but armed with knowledge and experience, you can conquer the trading world. May your trades be prosperous, and may you always stay one step ahead of those crafty bull and bear traps!
AAPL | Wave Analysis | potential bulltrap expanding triangleWave Analysis with price action and chart pattern trading
>A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III.
> wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a
> wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w zone
> completed major wave IV correction, targeting wave e tp2 small c of e leg correction bearish scenario at 1.0- 1.272 of wave d @ ma200w to complete.
> before moving into motive wave 5 @ 1.618 fibononci length of major wave I. 210 - 220 USD zone with an estimated +60 - 70% upside.
Always trade with affordable risk and respect your stoploss!
Good Luck
BTC full moon idea is wrong, bull trap could happento everyone being bullish just because it's FULL MOON
know that NOT every full moon = rally
sometimes, full moon is bull trap and then new moon nukes ur ass
Solar eclipse (new moon) is April 20
I'm not here to scare people and ruin the fun
I'm just cautious and sharing my ideas
we are in full moon right now, and tmr mercury retrograde
if next week we pump, I'd be super cautious as the week after will be solar eclipse
Continued Bearish Idea for BitcoinBitcoin did breakout above the trend line for the rising channel. However a bearish cross to the MACD is incoming and the Stochastic is oversold as well. Bitcoin needs to break above the 30k level and hold in order to flip the script of this long term down trend. If bitcoin is rejected, I can see support at 25K, 21K and then down to 15K. Should we lose 15K, expect a retest down to 8-10K level. On a Bigger Macro level the Monthly MACD is still in a bearish trend.
TSLA $200's ResistanceTSLA opening above $198.5 should go up towards $204 gap fill possibly $206 retracement ...
resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move)
If Fed is Dovish today with a 25bp hike this will help to push bullish narrative
Fed with 25bps and Hawkish rhetoric can stop the bull run.
Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week
This Feels like a Bull Trap set-up- just my opinion
I bought back in @ 175
Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position,
I would not sell calls if I did not own shares at that lower price.
AUDCHF: Bull TrapAfter an aggressive sell-off, price has started to lure in buyers.
This can be seen on the daily time frame with the recent buy inducement candles.
Buyers being lured in means liquidity below the established low.
I believe will price will flow to this low with the help of the news today.
I am really not sure where the sell with take place so for now it's simply an observation.
If something aligns with me and my intuition later in the day, I will enter a sell position and update you.
TSLA G3 DUMP? Markets bounced strong today... but will Tsla join or be the one to take the hit so the other stocks can run?
TSLA had a Rough Day I'll Keep this simple..
Here are my thoughts on Distribution Schematic:
114% Bull Run in 1 Month - Mainly Short-Squeeze Move
We could see one more move up in a Wyckoff fashion - this will burn the $200 call options along with all the puts added in past 2 days, setting up a Bear Trap and generating more FOMO for Bull Trap 3 thus providing Liquidity for "Composite Man" to make the most $$$
-I also believe that a Markdown is needed for Institutional Buyers to get back into the stock @ lower pricing.
Both Scenarios are viable, yet I'm leaning towards#1 .. but will be prepared to go with the trend.
Long-Term Bull/ Short-Term Bear
good Trading Today
Bull and Bear Traps!!!👨🏫Hello, dear traders🙋🏻; I am Pejman, and welcome to TradingView Tunes📺. As a lover of classic cartoons, I would like to explain Bull and Bear Trap using the Road Runner and Coyote cartoons😍.
If you've never seen this cartoon👀, let me tell you, it's a masterpiece of trapping and pranking. But what does it have to do with financial markets🤷🏻❓
Believe it or not, there are some striking similarities between the traps Coyote🐺 sets for Road Runner🐦 and the traps that exist in financial markets💲. The market traps are known as bull🐮 and bear🐻 traps, and they can lead to significant losses if investors aren't careful.🙍🏻
For example, the Coyote paints🖌️ the road to drag the Road Runner to a suitable place and traps him with stones🪨 and TNT💣. Or he is trying to surprise the bird with TNT & cactus🌵, in another way.🤭
Large financial institutions and market makers, or whales🐋, try to deceive amateur traders in the financial markets. Like coyotes, they try to trap inexperienced people by creating fake buy🟢 and sell🔴 signals.
To trade with these traps, you should know technical analysis to neutralize the coyote traps of the market like Road Runner.😉
In the financial markets, we have two types of fraudsters. Bulls are the ones who buy and cause prices to rise☝🏻, and on the contrary, bears are the ones who sell and make prices fall👇🏻. Simple enough, right😊❓
However, I explained more about bulls and bears in the market types post👀. You can refer to this post to better understand the rest of the article.👇🏻😉
Every hunter needs prey. For example, we said that the Coyote used to paint the roads. Exactly bulls, by pumping up the price and bears by a sharp drop in the price, fool the inexperienced people. Also, all these events are short-term.
Like Road Runner, you have to pay close attention to the market⚠️.
In this post, I will teach you how to turn threats into opportunities and profit from them.✅
The first step is to identify these traps. Our first trip today is the bull trap.
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Bull Trap:
Let's start with the Bull Trap🏁.
This is when the market looks like it's on the up-and-up⬆️, so you start throwing money around like a looney tune💸. But just like Coyote's contraptions, the market can suddenly backfire and leave you feeling like you just got hit with an anvil💥.
It's enough to make you want to go "meep meep" all the way home☹️🏠. Be like Road Runner and stay alert, or you'll end up with a crate of dynamite💣 strapped to your back. That's a bull trap in a nutshell.
A bull trap is when the market appears to increase, so investors jump in, hoping to make a profit. But then, the market suddenly drops, and those investors are left holding the bag👜. They thought they were getting ahead of the game but were just falling into a trap.🪤
You may be fooled by the chart and expect the price to pump up, but in reality, the price will start to fall or act like a reversal pattern.↩️
At this time, those who traded without stop loss🚫 will lose the most. It would help if you watched out for these traps in any type, whether up, down, or sideways (range market).
The price must be below a resistance zone for a bull trap to form a reversal pattern. A bull trap can change an uptrend to a downtrend after creating classic reversal patterns such as double tops, heads & shoulders, diamonds, etc.😉
If you want to know the patterns and learn classic patterns with a quick review⏩, you can get help from the following post.
Now that you know this trap, we can talk about ways to recognize and deal with this trap.
How to recognize the Bull Trap🔎
Sir John Templeton says: The four most dangerous words in investing are: "This time it's different."🤔
We may have said these words and confused real traps with fake traps. But how can you prevent this mistake?🤷🏻
Do you remember that we talked about fake and valid breakouts in the Support and Resistance post?💭
You can also read the link below for a background on this topic.
Let's go back to our topic. To ensure that the breakout is valid, we should look for two confirmation signs✅️:
1. Increase in Trading Volume
2. Bullish candlestick patterns
Now let's go through each one in detail because the devil👹 is in the details 😂.
Increase in Trading Volume
For the breakout to be valid, the volume📶 of the broken candle must be significantly higher than the previous candles. But more is needed because coyotes are clever and intelligent. Even after the breakout, the trading volume for the other candles should remain high to ensure the failure is real.
In a bull trap, the volume of the fake breakout candles either does not increase or only slightly.
If you see that the trend has lost momentum after breaking out or has no strong momentum to continue or start the trend, this is precisely the trail of coyotes in the market.
Along with market volume, considering candlesticks and their patterns can be equally helpful as they clearly show market movement.
You can take a look at the following post to learn about these candlestick patterns and review them.
For example, by seeing bullish candlestick patterns, you can understand that a breakout is not fake.
Bullish Candlestick Patterns:
If the breakout candle is a giant momentum candle, it's called a Marubozu , which is not difficult to find on the chart. This candle has a green and long body, and its wick is tiny compared to its body, or it does not have a wick at all.
This candle is associated with a high trading volume, and it shows that TNT is not working in this upward trend, and real buyers are in the market.
Also, the pattern of the 👩🚀👩🚀👨🚀 Three White Soldiers 👩🚀👨🚀👩🚀 is a reversal pattern that can be seen as a continuation pattern in the charts.
Along with all these signs, you should always keep the market trend in mind.
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Bear Trap:
Next up is the Bear Trap.
This is when the market looks like it's going to crash💥 and burn🔥, so you start selling your assets like there's no tomorrow.
But just like Coyote's rockets, the market can suddenly bounce back and leave you feeling like you just got flattened by an Acme anvil.
Don't panic! Be like Road Runner and stay calm, or you'll fall off a cliff.
Bear traps are similar to bull traps. Young and inexperienced bears🐻 are caught in these traps.
When the young bears think the market is going down, these traps are activated, and the hunters place heavy buy orders.
At this moment, this heavy order will cause the price to turn upward, and anyone who has a short position without a stop loss will lose their money💸.
A trap is a trap, and it doesn't matter if it is a bear or a bull🐮. Here we use the duplicate confirmations we used in bull traps, like a steady increase in trading volume and continuation candlestick patterns.
When a support zone is broken, hunters prepare to set traps. If the bearish momentum candle is not accompanied by increased trading volume, this can be a sign of a trap.
The ⚫️⚫️⚫️ Three Black Crow ⚫️⚫️⚫️ candlestick pattern is usually a reversal pattern but sometimes acts as a continuation pattern. If a high trading volume accompanies this pattern, it can be a valid sign of a breakout.
Now I will tell you how to use these traps (Bull&Bear) and get profit from them like a professional trader.
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How to trade with a Bull Trap
The bull traps start with an uptrend. As you can see the picture has a resistance zone, and the price may test a zone several times before passing it.
When a fake breakout occurs, it may initially be accompanied by an increase in trading volume, but it is entirely temporary, and you will notice a decrease⤵️ in the intensity of the trend from the next candles.
When the intensity of the trend decreases, market coyotes activate their traps. And they set sell orders, and the bloody🩸 candles appear on the chart.
With a valid breakout of the last support, the price reaches our entry point station⛽️. You can place your stop loss a little higher than the top of the bull trap and place your stop loss🚫 above the breakout candlestick of the support zone, considering the higher Risk-Reward ratio.
To find the take profit💰 point, consider the difference between the peak trap and the support zone as X, and Viola, now expects X amount to profit from your entry point.
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How to trade with a Bear Trap
Now it's time for the second trap.
After occurring a valid support zone breakout and an increase in price, you must wait for the price to break through the last resistance zone after a sudden sharp move.
When you can use the signs⚠️, you are sure that the coyotes have abandoned the process, that there is no trap🪤, and that real failure has happened; you can open your long positions.
Now, this passed resistance zone has turned into support, and you can wait for the price to test this area several times for more confidence and then open your entry point.
Like trading in bull traps, in bear traps, you can place your stop loss a little below the valley of the bear trap.
Considering the higher Risk-Reward ratio, you can also put it below the breakout candle of the resistance zone.
The take-profit point is the same as the bull trap, but vice versa. Consider X from the lowest price in the bear trap and the resistance zone.
Now, as much as X, we can expect that the upward trend will continue and precious dollars will rain on our heads.
Now that you have learned about the bull trap🪤 in an uptrend and the bear trap in a downtrend↘️, you should remember that the market is not always up🔺️ and down🔻, and the road runner should also expect traps on the range roads. You should be aware of bull/bear traps in the range market.
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Range Market
When the price gets stuck between the support and resistance zones, the range market is created, and the coyotes also look for inexperienced road runners in this market.
This is a sad story for new traders who rush into positions when they see the resistance or support zone break.
Price fluctuations in range markets are minor; trading in a range market is much more complex than in bull and bear markets.
So I suggest you spend more time on your trading strategies and test them several times.
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Conclusion:
Even in life, some coyotes seek to trick you by creating fake situations. But you have to be careful and smart like Road Runner.
Sir John Templeton believes that: "Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria."
And also, David Dreman says: "Bear markets are like avalanches: they start slowly and accelerate gradually before gaining momentum and becoming a force of nature🏞."
In the financial markets, bulls and bears are constantly fighting each other, but the real winners are always those who use various tools and indicators to avoid risk and find safe spots for trading and profit.
Once you practice and familiarize your eyes with all kinds of trends and traps, you will become a road runner in the market.
So, if you want to be like the clever road runner and avoid falling into the bull and bear traps in the financial markets, stay alert, stay informed, and be prepared to adapt your investment💰 strategy when necessary.
In future posts, we will take new steps in technical analysis and travel to the world of classic patterns. So follow the future posts and share your opinions and ideas in the comments. Your comments🎓 are precious to me.
Also, if you have friends👬👭 who are into classic cartoons🎆 and trading, send them this post.
TSLA Kangaroo Market 3/1VIP Day for TSLA *DUMP & PUMP or PUMP & DUMP... Manipulation is Strong at these levels
This Consolidation will end soon leading to continuation break-out or distribution
Bullish Target $221.5 + Close above $224 will show Buyer Commitment
Bearish Target: Close below $197 *POC
My Patterns & Targets are on Chart
Detailed Insight from: 2/28
TESLA is currently one of if not the Strongest Stock and is helping to hold up the Markets. I believe that the Rally is close to wrapping up at this stage of the "Mark-UP" *Wyckoff Distribution"
I can see "Pump & Dump" -Final UTAD and Possible Continuation through Wednesday with Distribution.
****TSLA is BULLISH - do not mistake my bearish insights as a short confirmation *Daily Chart is very Bullish (The best moves keep going in the same direction) I
Technical/Trend/Patterns:
200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets too ..
-^Bullish double bottom pattern places TSLA move to $220-$224 area
-^Potential Island Reversal to the bullish side
BEARISH:
-Bearish Rising Wedge on Daily- if pattern completes, measured move will go to fill gap @ $147.61 (MACRO-2-3 weeks)
--Bearish Divergences are formed on lower time frames (4hr-1hr)
-Daily Bearish Divergences are looking to follow suit if a new High is made (speculation)
-OBV & Momentum indicators are diverging to the negative (OBV is High but Momentum is low -contrary)
-Price has been moving down but A/D Line continues rising *I analyze this as Higher Distribution
_____________________________
-***TIME FRAME: Analyzing consolidation patterns and impulse moves (Mark-UP) - I am seeing Consolidation on average of 25-27 days and Impulse Moves lasting 14 days
*Tesla is going to hit 27 days of consolidation on Wednesday I can foresee the Markdown Phase Beginning for 2 weeks and moving into consolidation until before next earnings in April before the Next Mark-UP
This aligns up with Seasonal Market Trends ( Bullish in Jan - Decline mid Feb to mid March)
-
Options
Current Options info: *$200 Call Option Wall
-Contrarian view is that with High Call Options @ $200 price will close below that by end of week (Market Makers do not want to pay-out) Max-Pain is currently at 197.5
-Bullish view: amount of options could create a "Gamma Squeeze" -Squeezing Tesla to test or surpass Highs in the short-term, ***Short-term pump & Dump
Weekly Expected Move: $215 High $197 Low
Positives:
-Investor Day is Hyping up the bullish trend as everyone is preparing for Elon to showcase "GEN 3" platform -a new commodity vehicle for $25-30k before mark-up. This has retail piling into TSLA stock with an enormous $200 call Option wall again..
-Berlin Higher production levels
--QQQ Potential Island Reversal to the bullish side - Help to continue Rally
Analysis: Short-Term Neutral/ Bearish (Long-Term Bullish )
My bias is Bearish with a possible pump & dump scenario in play ...
$200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets to .. If Tuesday shows strong Commitment and closes at the highs.. We could see Bullish continuation to $234.
Tomorrow is VERY CRITICAL - Monthly close above $200 shows strong buyer commitment - if there is a sell-off and we see a close below $197, I feel confident that Tsla will retrace to $145 area to fill gap ( 0.618 retracement )
Tsla Closing strong tomorrow will lead me to believe that consolidation may continue through next week until we get March Payroll Data (this puts my target price to $232-$234 before we see "Mark-Down"
*watch how TSLA reacts to Weekly Expected high at $215 area
-I am staying away from Options except for "Day-Of"
-Day Trading has been exceptional - waiting 15min after market open has proved beneficial
TESLA BUY the Rumor Sell the FactTESLA is currently one of if not the Strongest Stock and is helping to hold up the Markets. Strong Move today on Lower Volume. I believe that the Rally is close to wrapping up at this stage of the "Mark-UP" *Wyckoff Distribution"
I can see Possible Bullish Continuation through Wednesday.
Technicals/Indicators/Patterns:
$200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets too ..
-^Bullish double bottom pattern places TSLA move to $220 area
-^Potential Island Reversal to the bullish side
BEARISH:
-Bearish Rising Wedge on Daily- if pattern completes, measured move will go to fill gap @ $147.61
--Bearish Divergences are formed on lower time frames (4hr-1hr)
-Daily Bearish Divergences are looking to follow suit
-OBV & Momentum indicators are diverging to the negative (OBV is High but Momentum is contrary)
-Price has been moving down but A/D Line continues rising *I analyze this as Higher Distribution
_____________________________
-***TIME FRAME: Analyzing consolidation patterns and impulse moves (Mark-UP) - I am seeing Consolidation on average of 25-27 days and Impulse Moves lasting 14 days
*Tesla is going to hit 27 days of consolidation on Wednesday I can foresee the Markdown Phase Beginning for 2 weeks and moving into consolidation until before next earnings in April before the Next Mark-UP
This aligns up with Seasonal Market Trends (Bullish in Jan - Decline mid Feb to mid March)
-
Options
Current Options info: *$200 Call Option Wall
-Contrarian view is that with High Call Options @ $200 price will close below that by end of week (Market Makers do not want to pay-out) Max-Pain is currently at 197.5
-Bullish view: amount of options could create a "Gamma Squeeze" -Squeezing Tesla to test or surpass Highs in the short-term, ***Short-term pump & Dump
Weekly Expected Move: $215 High $197 Low
Positives:
-Investor Day is Hyping up the bullish trend as everyone is preparing for Elon to showcase "GEN 3" platform -a new commodity vehicle for $25-30k before mark-up. This has retail piling into TSLA stock with an enormous $200 call Option wall again..
-Berlin Higher production levels
--QQQ Potential Island Reversal to the bullish side - Help to continue Rally
Analysis: Short-Term Neutral/Bearish (Long-Term Bullish)
My bias is Bearish with a possible pump & dump scenario in play ...
$200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets to .. If Tuesday shows strong Commitment and closes at the highs.. We could see Bullish continuation to $234.
Tomorrow is VERY CRITICAL - Monthly close above $200 shows strong buyer commitment - if there is a sell-off and we see a close below $197, I feel confident that Tsla will retrace to $145 area to fill gap (0.618 retracement)
Tsla Closing strong tomorrow will lead me to believe that consolidation may continue through next week until we get March Payroll Data (this puts my target price to $232-$234 before we see "Mark-Down"
*watch how TSLA reacts to Weekly Expected high at $215 area
-I am staying away from Options except for "Day-Of"
-Day Trading has been exceptional - waiting 15min after market open has proved beneficial