TSLA1) wedge into supply;
2) MACD divergence;
3) money flow divergence;
Would be great to see increased volume and price to remain below 806 to provide more support for my downside count!
As I said before, TSLA is one of those equities that sometimes seems to just do whatever it wants. So, no matter whose projections you think may be better or worse, I just always say know your risk with this one!
Currently, I entered a short earlier in the week when we entered into this overall large supply zone. Today at open, I added to my short position. Of course, in an earlier post I said TSLA can more than easily pop right up to 770 and of course it did (I didn’t try to scalp a long position because I think that’s irrational to do when in a SUPPLY zone). That’s why knowing your risk is important on this one. My entry early week was small size, respecting the fact that if it pops up I’m fine and if it headed down, I at least captured some of the move I expected.
Until 810 price is broken, I’m sticking to my downside count on this one.
