If you are looking for some shorts in US equities, TSLA is a good choice.
The stock has confirmed a corrective Elliott Wave pattern and it is about to continue lower to complete it.
Shorts are favoured on today's market open (2020-10-29) with a massive target at $295.
Stops are places at wave B high at $465.
The stock has confirmed a corrective Elliott Wave pattern and it is about to continue lower to complete it.
Shorts are favoured on today's market open (2020-10-29) with a massive target at $295.
Stops are places at wave B high at $465.
Trade active:
The trade is executed and due to the structure of the decline so far, it is safe to move stops to the break-even point.
Trade closed: stop reached:
Unfortunately, we were stopped out at BE. The trade could still work, but since we were stopped out, I am marking this as closed.