SEASONALITY: If your a seasonal trader keep in mind this week generally returns +3.04%
Elliot wave: I believe we completed the A wave and we may see a big bounce to complete the B wave
Structure: TSLA has not break structure yet, structure break is at $240
Support Levels: $256 and $245
Resistance: $270 and $280 ($280 is the level to watch we may get a big rejection off that level(
As for now this is a liquidity wipe out so your high probability trade would be to long.
TSLA has hit our target @$257 and has reacted off of it.
If we manage to get above $271 we will most likely see $280
If we get rejected by $270 look for support at $262 once again
$280-$290 has a massive imbalance and its not about if it gets filled but when it gets filled
Follow the money
good luck god bless
Elliot wave: I believe we completed the A wave and we may see a big bounce to complete the B wave
Structure: TSLA has not break structure yet, structure break is at $240
Support Levels: $256 and $245
Resistance: $270 and $280 ($280 is the level to watch we may get a big rejection off that level(
As for now this is a liquidity wipe out so your high probability trade would be to long.
TSLA has hit our target @$257 and has reacted off of it.
If we manage to get above $271 we will most likely see $280
If we get rejected by $270 look for support at $262 once again
$280-$290 has a massive imbalance and its not about if it gets filled but when it gets filled
Follow the money
good luck god bless
Trade closed: target reached
Trade closed: target reached
We have hit this support multiple times, use caution