Happy Hump Day Traders. In this video analysis, I covered why I'm now short term bearish on Tesla.
1) cover the bear flag
2) Overbought Stoch RSI
3) Wave Trend overbought, and also showing bearish AB-CD Pattern
4) Double Top
5) Base Formed already, breakout from bear flag could give way to Handle (cup/handle)
Not trading or investment advice.
1) cover the bear flag
2) Overbought Stoch RSI
3) Wave Trend overbought, and also showing bearish AB-CD Pattern
4) Double Top
5) Base Formed already, breakout from bear flag could give way to Handle (cup/handle)
Not trading or investment advice.
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There is also a bearish bear flag forming on
SPY
etf 15min chart. I can see it by the AD & Money Flow... will do a video analysis as well
SPY
etf 15min chart. I can see it by the AD & Money Flow... will do a video analysis as well
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30min TF, RSI still above the clouds=bearish
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1hr view
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profit taken here
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monitor this level, also more charts posted in the comments below. cheers
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view w/ wave trend, shows a double top... got more than 2 people asking, so Im providing additional updates. hope the charts helped today and tomorrow
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1hr update...
still good selling pressure here
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targeting 248 here at the .50 level, but ready to take profits if the 1hr stoch rsi gets oversold which ever comes first for me
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if you're trying to long this, this is what you're up against right now..
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if the bearish divergence continues through the apex, anticipate a retrace back to the opening 250.75.. be careful out here
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that bear trade still on
TSLA
you can see it on the 1hr-4hr .. not going over saturate what most of you all already know
TSLA
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I went short the market Friday... bearish continuation is also still on the sp500
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2hr overbought wave trend, looking for a retrace back to the .50 fib level at/near 248