TSLA Bullish Distribution Pattern for NASDAQ:TSLA by Black_Sheep1

chartpattern beyondta trendanalysis tsla tsladistribution wyckoffmethod wyckoffdistribution wyckofftrading

Calls are Getting ROASTED! .. PUTS are next..Wall-Street loves to make money!

This is just a possible Schematic - our small frame indicators helped to call out distribution and bearishness in TSLA .

I believe the Composite Man would make one more liquidity grab before dumping off? .. the markets are ready to bounce before the next big sell-off
I would like to see a higher high with bearish divergence on the Daily indicators before stating that this is it for TSLA... to easy...
I closed shorts, repurchased my shares sold @$198 & $210 for a discount... I think TSLA may have some juice left in its battery for one more move.

I will do more analysis later and keep you posted

This are just my ideas - not recommending anything

Comment:

Tesla is currently breaking out with Market- Measured move of this break-is $198 If Tsla can get that high, it has a chance to reverse the Island Gap reversal from yesterday and re-enter trading zone $195-$197 will be tough to get through -

Comment:

Max-Pain on Options
-$195 MAx Pain Between $193-$198 is best for Wallstreet to make the most $$$
- 115,00 $195 puts 120,000 $200 Calls

POC on Volume Profile is $197.18 *I want to see price Close above $198

Comment:

$197 is Important

Comment:

Daily Close Does not look good.. this is a pivotal point for TSLA..technically:

Comment:

TSLA needs to get above $197-$198 area...

Here is revised Schematic

Comment:

Only Bullish Scenario I see right Now is: Correction "Accumulation" Break-Out Wedge:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.