Bears are holding market down this week. Starting to see profit takin
I’m thinkin decending on the trading conditions after the first 30-40 min , Tesla has key reistance at 280. I am liking the short around 278.40-279. Closest to 280 the better for less risk
We had a rejection above and now in a smaller symtrical trinagke with a bearish leg into it.
There is uptrending support line of the trend sicne the last drop to 240. Sicne then we found a big bounce trending back up slowly. If we can break 274 and close below then our next leg down would be a retest of 265
265/264 is a big support we made a flat top breakout around that level so retesting would be sweet attemot at a long as long as it HOlDs. If we break that the main support for me is 256/257
Overall Tesla under and not being able to close and hold above 279-280 is a shorting oppertunity while it cools off.
I’m thinkin decending on the trading conditions after the first 30-40 min , Tesla has key reistance at 280. I am liking the short around 278.40-279. Closest to 280 the better for less risk
We had a rejection above and now in a smaller symtrical trinagke with a bearish leg into it.
There is uptrending support line of the trend sicne the last drop to 240. Sicne then we found a big bounce trending back up slowly. If we can break 274 and close below then our next leg down would be a retest of 265
265/264 is a big support we made a flat top breakout around that level so retesting would be sweet attemot at a long as long as it HOlDs. If we break that the main support for me is 256/257
Overall Tesla under and not being able to close and hold above 279-280 is a shorting oppertunity while it cools off.