I've got my price targets on the support for call options on this chart. These entries are ideal if the bull trend continues this week. Upper orange prices are targets for exits. Possibility of scalping puts are here if you play the downward consolidation.
Today on TSLA we bounced at the 9EMA at 768.69. TSLA started trading above the 9EMA on July 14. My ZOOMOUT chart is on the 4h candles, ZOOM chart is on the 1h.
Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates.
I'm leaning...
PT1 and PT2 above 705 is possible entry for puts/exit for calls.
PT1 and PT2 below 705 is possible entry for calls/exit for puts.
Look at bullish/bearish divergence indicator.
RSI below 30 enter calls.
RSI above 70 enter puts.
Puts favored:75%
Calls favored:25%
Quick take at my entries and exits trading on the 5 minute time frame for Tesla call options.
Side note: Trading view doesn't allow publishing ideas under 15 min frame.
