Hey, traders!
Haven't talked for a long time.
So, today we'll talk about my favorite, Tesla, who repeatedly helped me make money very well.
You know that I love this paper very much because of its volatility, but at the same time, I highly recommend not to trade it for beginners.
Let's go.
What is on the chart:
1. In August was the strongest growth on the news that the paper is waiting for a split. That's when we formed a level of $500 (2000 to the split).
On August 31, we see a paranormal big bar. And for those who learned from me, this is a sure sign NOT to BUY paper.
2. Then, after the split, as usual, there will be a fall, because all those who came before, begin to fix profits. In general sales, the price is going down.
3. 02 - 04 September, an inquisitive meticulous trader will find a deceptive movement of a large shorts player.
On September 2, we tested the level of 405, and on September 3, we were shown a reversal bar. We look closely at the closing.
On September 04, we were shown a false breakout of one bar of level 385.
And look at what is happening: the market rushed to buy, thinking that there will be no less. According to my trading strategy, we had to wait for it to get fixed above the level, but it just didn't happen.
Wisdom has helped me again.
5. And yesterday's strongest fall of paper on the news that the S&P Dow Jones Indices Committee refused to include Tesla shares in the S&P 500 index.
But it was clear before, all serious traders and analysts knew it in advance that it would not be included in this index.
Personally, I attribute this fall to the exit from the position of large capital.
6. What we see today is that there are two serious support zones: 310 and 275.
My entry strategy is as follows:
I am waiting for the first support level 310 to work out. If we can get a hold of it, I will look for the entry point to the long.
If 310 will be broken through, I will look for the entry point from 275.
Haven't talked for a long time.
So, today we'll talk about my favorite, Tesla, who repeatedly helped me make money very well.
You know that I love this paper very much because of its volatility, but at the same time, I highly recommend not to trade it for beginners.
Let's go.
What is on the chart:
1. In August was the strongest growth on the news that the paper is waiting for a split. That's when we formed a level of $500 (2000 to the split).
On August 31, we see a paranormal big bar. And for those who learned from me, this is a sure sign NOT to BUY paper.
2. Then, after the split, as usual, there will be a fall, because all those who came before, begin to fix profits. In general sales, the price is going down.
3. 02 - 04 September, an inquisitive meticulous trader will find a deceptive movement of a large shorts player.
On September 2, we tested the level of 405, and on September 3, we were shown a reversal bar. We look closely at the closing.
On September 04, we were shown a false breakout of one bar of level 385.
And look at what is happening: the market rushed to buy, thinking that there will be no less. According to my trading strategy, we had to wait for it to get fixed above the level, but it just didn't happen.
Wisdom has helped me again.
5. And yesterday's strongest fall of paper on the news that the S&P Dow Jones Indices Committee refused to include Tesla shares in the S&P 500 index.
But it was clear before, all serious traders and analysts knew it in advance that it would not be included in this index.
Personally, I attribute this fall to the exit from the position of large capital.
6. What we see today is that there are two serious support zones: 310 and 275.
My entry strategy is as follows:
I am waiting for the first support level 310 to work out. If we can get a hold of it, I will look for the entry point to the long.
If 310 will be broken through, I will look for the entry point from 275.
Trade closed: target reached