In my last video I observed the past trading week and discussed possible Institutional/ market-maker volume and the corresponding downward price moves.
When analyzing a volume profile indicator, the "point of control" is the price at which the most trading volume has occurred over a certain period of time.
Since TSLA reached its peak price of $1,229.91 on November 4 2021, the price at which there has been more trading volume than any other has been approximately the price that TSLA is priced at RIGHT NOW! $1025.61
Excuse the CAPS lawl
Anything could happen, but I still think we are more likely to see some more downward movement.
Let me know what you think!
I am not an investment or trading professional and nothing above constitutes advice.
When analyzing a volume profile indicator, the "point of control" is the price at which the most trading volume has occurred over a certain period of time.
Since TSLA reached its peak price of $1,229.91 on November 4 2021, the price at which there has been more trading volume than any other has been approximately the price that TSLA is priced at RIGHT NOW! $1025.61
Excuse the CAPS lawl
Anything could happen, but I still think we are more likely to see some more downward movement.
Let me know what you think!
I am not an investment or trading professional and nothing above constitutes advice.
Comment:
Call it what you like, but beyond a general downturn in the markets overall, on April 9th we were at $1025.61. Here we are one month later at $734.00. Thats -28.4%!
I should have remained in the trade but the theta and the premiums on this one had me pull out.
Let's see where this goes!
I should have remained in the trade but the theta and the premiums on this one had me pull out.
Let's see where this goes!
I'll change my mind if there is sharp movement to the upside and price hits the $1075 range
Let's see what happens.