TESLA - Is The Bullish Trend Over?
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TESLA is sitting around a strong resistance area 900-1000 so we will be looking for sell setups on lower timeframes.
on M30: Tesla formed a valid trendline in red and broke its last swing low downward.
We also have a "BEL" on H1 (customized strategy) and divergence.
So as per my trading rules, this one started the bearish trend and currently holding a sell, with a stop loss above the last high and 1/2 risk/reward target.
This is not a direct signal to sell. Never ever follow anyone blindly. Do your research and always enter as per your rules and confirmation.
Good luck!
~Rich
TESLA is sitting around a strong resistance area 900-1000 so we will be looking for sell setups on lower timeframes.
on M30: Tesla formed a valid trendline in red and broke its last swing low downward.
We also have a "BEL" on H1 (customized strategy) and divergence.
So as per my trading rules, this one started the bearish trend and currently holding a sell, with a stop loss above the last high and 1/2 risk/reward target.
This is not a direct signal to sell. Never ever follow anyone blindly. Do your research and always enter as per your rules and confirmation.
Good luck!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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