TECHNICAL - GAP FILL - Tesla - The Beast Will Rise Again
Tesla has entered my buy zone from my previous short on Feb. 9.
I like to take the trades that no one else will take... That is the life of a contrarian investor.
FA:
- Jerome Powell speaks today at 10am... Market overreaction to speculations of liquidity crisis, bond yield curve, interest rates, etc.
- Tesla is still one of the most important companies
TA:
- Perfect Bullish Bat
- Oversold on Bollinger
- Strong support level here from previous resistance
- 0.618 Fib level would be better, but I think that's too greedy
- Speculating that daily candle will be reversal candle
STRATEGY:
- Entry: 676
- Entry 2: 575
- TP1: 788
- TP2: 1035
- SL: 521
- RRR: 2.35
- Wave 3 PT: 1400
The Bubble is just beginning my friends, "The Big Short" is not so easy of a trade...
I like to take the trades that no one else will take... That is the life of a contrarian investor.
FA:
- Jerome Powell speaks today at 10am... Market overreaction to speculations of liquidity crisis, bond yield curve, interest rates, etc.
- Tesla is still one of the most important companies
TA:
- Perfect Bullish Bat
- Oversold on Bollinger
- Strong support level here from previous resistance
- 0.618 Fib level would be better, but I think that's too greedy
- Speculating that daily candle will be reversal candle
STRATEGY:
- Entry: 676
- Entry 2: 575
- TP1: 788
- TP2: 1035
- SL: 521
- RRR: 2.35
- Wave 3 PT: 1400
The Bubble is just beginning my friends, "The Big Short" is not so easy of a trade...
Trade closed: target reached:
Closed my long position, need the liquidity. Will probably re-enter very soon: (26/35)
