I received lots of interesting comments for the previous analysis: Some called me a certified gambler, some people believe folks see what they want to see, and some others said I'm completely lost..! but let's review the previous analysis..!
Entry: 136 Stop loss: 130.59 Reward/Risk: 2.67 (it is not Ideal) Target range: 150.44 Time Frame: 2 wks Possible gain: 10.62% Possible loss: 3.98% Position size: 5% of trading capital
My conservative approach (moving stop loss to entry(136) after 8% move to 2 days) closed the trade in 5 days! but the primary setting reached its target at 12 days..!
I have a question for those who write that comments:
who is lost?
who knows when to gamble?
and
who can't see the obvious price patterns?
You have no chance in today's market if you do not update the old technical rules!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best, Moshkelgosha
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What are the similarities between today’s candle and August 30th???
Beautiful! I follow your analysis very keenly and I have most of the time been in agreement. Even your Tesla TA nailed it even though I was reluctant to agree with you then. Now I am looking for an entry in TSLA