🔸️Ticker Symbol: $TSLA timeframe: 1 Hour 🔸️2X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: The whole market started to pullback at the end of last week; If we take a look back on $TSLA, we see that the indicators have been spot on with predicting market moves 1-2 days before price reacts correctly to the projections. I have two predictions for $TSLA moving into next week;
1.) We pull back into the 1-hr demand level from Friday; I will be personally looking for the Swing Fail Pattern if we can stay above 877.57; but it is very possible we retest the top of demand at $886.86; if price holds this demand, then look for a run up to the $930's before the split occurs this Thursday (25 Aug).
2.) Price breaks below 877.57, and we continue to our next support level at $855. This is not my favorite setup, as we have money momentum moving back into the market, we have a nice bounce off the bottom of our regression channel, and I will be looking for our middle band to turn green come Monday.
** Play smart on $TSLA, and react to these key levels (bounce at $886 to go long and a break below $877 for a short position)!
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: The whole market started to pullback at the end of last week; If we take a look back on $TSLA, we see that the indicators have been spot on with predicting market moves 1-2 days before price reacts correctly to the projections. I have two predictions for $TSLA moving into next week;
1.) We pull back into the 1-hr demand level from Friday; I will be personally looking for the Swing Fail Pattern if we can stay above 877.57; but it is very possible we retest the top of demand at $886.86; if price holds this demand, then look for a run up to the $930's before the split occurs this Thursday (25 Aug).
2.) Price breaks below 877.57, and we continue to our next support level at $855. This is not my favorite setup, as we have money momentum moving back into the market, we have a nice bounce off the bottom of our regression channel, and I will be looking for our middle band to turn green come Monday.
** Play smart on $TSLA, and react to these key levels (bounce at $886 to go long and a break below $877 for a short position)!
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Trade closed manually:
This trade is invalidated by creating another swing low; and the basis of this trade was that we SFP at the 877 level.