LONGING $TSLAI am opening up a long position on NASDAQ:TSLA for the following reasons.
We are in a huge bounce area. On the 4 hour timeframe:
There's a clear trendline forming which we are retesting
Retesting a 4 hour order block
Retesting lower band of Bollinger Bands (Nadaraya smoothed)
Aside from technicals, we have earnings coming up which is our catalyst. This is a very risky trade and I'm only risking 0.25%.
Take Profit 1: 225.81
Take Profit 2: 243.67
Take Profit 3: 256.65
Stop Loss: 202.07
Fluxcharts
SHORTING $TSLAWhy I am bearish on NASDAQ:TSLA
- Rejected bearish trend line
- Rejected SFX Algo volatility bands
- WBR Forecast indicator is BEARISH
- SFX Algo lower timeframes are bearish (3 minute, 15 minute, 30 minute)
My personal trade:
Stop Loss / Take Profits:
- Entry: $244.00
- Take Profit 1: $231.40
- Take Profit 2: $205.69
- Take Profit 3: $195.56
- Stop Loss: $268.94
SHORTING $SPY (MARKETS ARE OVERBOUGHT?)Why I am bearish on the S&P 500?
- WBR Forecast indicator is BEARISH
- We are entering a key zone which we've struggled to breakout from for the past 5 months.
- Jim Cramer is bearish (Usually not a good thing lol) #inversecramer
My personal trade:
Stop Loss / Take Profits:
- Entry: $455.45
- Take Profit 1: $432.24
- Take Profit 2: $412.06
- Take Profit 3: $386.44
- Stop Loss: $464.89
The Plan:
Scale 50% of position at Take Profit 1 (TP1) and move stop loss to TP1.
Scale 50% of remaining position at Take Profit 2 (TP2) and move stop loss to TP2.
Scale rest of position at Take Profit 3.