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Short

Tesla Stocks Renko Nearing Cloud Exit.

NASDAQ:TSLA   TESLA MTRS INC
On the daily 2$ Renko chart, TSLA             is nearing it's exit oft the ichimoku cloud . This is a good sign for bears and would serve to be a profitable entry.

Enter Short If:
- 1 Renko box closes successfully under the cloud.
- Renko is below the Tenkan-sen

Exit::
- Trailing stop set 2 to 3 boxes behind entry.
mazdaki PRO
a year ago
why wait... you could short now with the same trailing stop
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miyako.pro mazdaki
a year ago
The cloud is representative of an area of turbulence between support and resistance. While in the cloud the price has a high chance to bounce around and retrace. Best to wait for it to clear the cloud turning the red line into the trend's resistance and enter with peace of mind. Just how I use the cloud at least.
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