$TSLA Another OneTrue to the title, we experienced some serious range and PAIN. We are now in premarket trying to open BELOW support meaning we have to find one under us. I am not bearish until we break into that structure below.
Potterbox
$TSLA Breakout Or Range? 264.50 UP NEXTAnother great move from NASDAQ:TSLA but where we open matters. expect some chop before the move
$TSLA Deep Dive TA LONGSo, as you can see on the chart 240 has provided strong reversals to the upside and of course is a large cost basis on the daily (see PBS video) So a gap down under this mark and hungry bears will eat that gap below. If we Bounce, then we have a gap above and I think this very dynamic will create range. A gap down would change that as we only have opinions above the chart and its triggers. Now above us we have 252, which is an area where buyers control the price. I expect if price settles above this, we will attempt a break of cost basis 257.00-.35. This mark is a HUGE sell wall on the daily and has been responsible for capturing price and pulling it down. Breaking this would displace the heavy sellers above and move us up.
$TSLA Punchback Long? Tomorrow's gap will tell us exactly where we will be heading for the week. We are currently in a potential range between two large earnings gaps. Giving me the feeling, we will stay in a wide range.
I use my own strategy Call the Potterbox Strat. Of course, there are lots of way to place consolidation, but I have learned the market is mechanical through years of observation. Therefore, I use no volume, no indicators, and still come out with accurate price marks.
