In this post, we will share all the details of the setup we are waiting for on TSLA.
First of all, where this idea come from? (Check the link to related ideas to see the previous post)
Here, you can check the main image that brings context to this situation
https://s3.tradingview.com/snapshots/d/DGUKOO47.png
We can see a similar situation going on right now, like what happened in the past.
What about the target?
https://s3.tradingview.com/snapshots/y/YXpwiuDR.png
We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00
What about the setup?
We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months
Risk Management: We will be using 1% of our Capital on the stop loss.
First of all, where this idea come from? (Check the link to related ideas to see the previous post)
Here, you can check the main image that brings context to this situation
https://s3.tradingview.com/snapshots/d/DGUKOO47.png
We can see a similar situation going on right now, like what happened in the past.
What about the target?
https://s3.tradingview.com/snapshots/y/YXpwiuDR.png
We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00
What about the setup?
We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months
Risk Management: We will be using 1% of our Capital on the stop loss.
