TSLA - fib set up with a -23.6% target of $797.31...
Looking for possible $800 test and pop through the level.
This particular set up recently triggered near $740, with a stop below the pivot low of $730.92. The R:R on this setup is approximately 5.2:1.
Needs to get through $750 for higher conviction for follow through.
Also, the hourly 200sma should be resistance near the $800 level. I am looking for price to reach the fib target, and the hourly 200sma.
Looking for possible $800 test and pop through the level.
This particular set up recently triggered near $740, with a stop below the pivot low of $730.92. The R:R on this setup is approximately 5.2:1.
Needs to get through $750 for higher conviction for follow through.
Also, the hourly 200sma should be resistance near the $800 level. I am looking for price to reach the fib target, and the hourly 200sma.
Trade closed: stop reached:
Stop hit