Hi, Tesla is making series of HH and HL. Bullish trend line can also be seen. however, it is in consolidation phase since long. currently the market is trading near the strong resistance level of 409. if the market break this support level and even breaks the previous HH which is 482 then we can expect market to take a bull ride.
Trade entry plan is to set BUY STOP order type at the mentioned Entry Point. once the trade is executed we can Set Stop Loss slightly below the previous HL /support level.
TP1 and TP2 are placed with 1:1 and 1:2 Reward to Risk ration
Trade entry plan is to set BUY STOP order type at the mentioned Entry Point. once the trade is executed we can Set Stop Loss slightly below the previous HL /support level.
TP1 and TP2 are placed with 1:1 and 1:2 Reward to Risk ration
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.