1449 0 2
Currently in a consolidation, TSLA             still exhibits strength on the broader time frames. Upon a retracement into the 216 area or even lower into the 212 area. I will be looking for bullish reversal patterns, If they appear on an hour chart, that can imply a broader bullish move over the next week. It is hard to set a stop when there is no validation at the moment. The purpose of this analysis is to highlight upcoming levels of relevance that can lead to a buy signal. Also these levels can be used for scalping as well, it just requires intraday targets that would be determined at the time of entry using smaller time frames. If a buy signal does occur on this hourly time frame, I will be anticipating price to push up unto the 266 area initially and if momentum allows, for a the more aggressive 235 area.

If price falls below 212 then I would reevaluate the long scenario completely. This area can also be used as a reference point for a stop level initially.

Trading consistently is not easy. I believe there are 3 elements that are required. I wrote an article and made a video on the topic. Check it out here.

Marc Principato |Author: Analyze Any Financial Market Like The Pros Using Price Action|
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out