Fun Time Approaching For Tesla! (TSLA)
Updated
I am highly interested on tesla as we approach an edge play at all time highs!
Followed by the massive market crash tesla has ran non stop on the larger timeframes to the current position of 885.66, that is a lot of rocket fuel! 👨🚀
BEAR SCENARIO:
What your going to want to look at on the daily timeframe is to watch for the Crossover strategy take place. We want to see the green candles compress for a red doji crossover for interest on a potential massive short position. Once we ge the cross confirmation the next step is to start to see the red candles cross over the green line that it has been trending above since the bottom. That is how we will spot the Resistance pressure.
We notice on the ema dots below we have one confirmation of red dots printing, we need to see them all line up and follow. Your strongest confirmation is when the candles and the ema dots align. That is the money shot. Like we say in say in our course we always use tight stip loss in case of a reversal! 1-3%
BULL SCENARIO:
We already have green candles in motion but the current Resistance level we are watching is 910.04.
As we approach this edge we want to look for a breakout to fire long. So if we can get price to break we will fire long and apply our stoploss and continue to track tesla based off the ema dots and the Crossover strategy. Our stoploss will become 1% on a break back low then to reverse to a short and play this level till we get pull on the new long term trend. (Tight risk management on breakouts) A breakout like this your going to see a pullback to test it to see if the highs are a new level of support or just a fakeout. If bull pressure can snap it and really kick in you should be solid. If it hesitates then you know something is up.
All time highs are a great spot to look for a very long term position. 910.04 is your money level. Play the strategy to the book. We will be using the daily and the 3 day charts for this one. Will stay updated on tesla as I scout it.
Best of luck, enjoy your sunday and have a blessed day! 😁❤✌😁❤✌
⬇️ Drop some comments and let us know what you think will happen next! ⬇️
🥇MLT | MAJOR LEAGUE TRADER
Followed by the massive market crash tesla has ran non stop on the larger timeframes to the current position of 885.66, that is a lot of rocket fuel! 👨🚀
BEAR SCENARIO:
What your going to want to look at on the daily timeframe is to watch for the Crossover strategy take place. We want to see the green candles compress for a red doji crossover for interest on a potential massive short position. Once we ge the cross confirmation the next step is to start to see the red candles cross over the green line that it has been trending above since the bottom. That is how we will spot the Resistance pressure.
We notice on the ema dots below we have one confirmation of red dots printing, we need to see them all line up and follow. Your strongest confirmation is when the candles and the ema dots align. That is the money shot. Like we say in say in our course we always use tight stip loss in case of a reversal! 1-3%
BULL SCENARIO:
We already have green candles in motion but the current Resistance level we are watching is 910.04.
As we approach this edge we want to look for a breakout to fire long. So if we can get price to break we will fire long and apply our stoploss and continue to track tesla based off the ema dots and the Crossover strategy. Our stoploss will become 1% on a break back low then to reverse to a short and play this level till we get pull on the new long term trend. (Tight risk management on breakouts) A breakout like this your going to see a pullback to test it to see if the highs are a new level of support or just a fakeout. If bull pressure can snap it and really kick in you should be solid. If it hesitates then you know something is up.
All time highs are a great spot to look for a very long term position. 910.04 is your money level. Play the strategy to the book. We will be using the daily and the 3 day charts for this one. Will stay updated on tesla as I scout it.
Best of luck, enjoy your sunday and have a blessed day! 😁❤✌😁❤✌
⬇️ Drop some comments and let us know what you think will happen next! ⬇️
🥇MLT | MAJOR LEAGUE TRADER
Comment
Notice followers, that do currently sit above 910, we now use that as the support level to see if we want to continue the drive up. (Risk management) if your5lookimg for the scalp you can start to zoom in and look for next Crossover from the candles for a take profit. Personally we are playing this for a long term hold and we will play this 910 back and forth long and short as we test it 💰💰💰💰
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