Abu-Sushi

TESLA path and direction .. best places to buy ..

NASDAQ:TSLA   Tesla
Hello everyone this is my idea for Tesla on daily time frame

We try to keep it simple and find our lines of support and resistance .. to execute best entries and exist .. as a trader
And make a plan .. and execute in best way possible

I believe that price is on the way to make a deep correction ..
Two hint to keep in mind ..
Price is testing red line resistance .. the structure kind of look like the previous one .. which could happen
same time in the RSI indicator which I find helpful price is testing very important .. line which could reject .. ( sell off )

Our job is to identify best support lines and levels to buy from ..
I can see two levels which have a good buying opptunity ..

You wanna buy from green line to target red line as long as green line hold ( no daily close below )
You wanna buy from Orange line to target green line or red line ( as long as orange line hold )
You wanna sell from red line .. to target green line as long as no daily close above red line ..

Many argue that Tesla is overvalued .. and market is on crack now ..
But as a trader we should ignore all the noise .. we only trade chart .. no emotion .

for any question feel free to ask :) and good luck

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