🔸️Ticker Symbol: $TSLA timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: After poorer then expected CPI data this morning, a sharp decline in the market has led us to believe that there is still some red left in Sept. As we come into Friday; which we have OpEX, stocks are set up to drop even more.. as smart money has been loading up on put options. My entry will be $296.32, about the .5 retracement of the order block from the marked Order Block/ Supply level. I will have my stop set up just a little higher than the supply level; and will target the C wave/ swing low that was set today. This is a 10:1 risk to reward, and about a $8 dollar drop in TSLA.
Looking at Trendsi Dashboard, it's easy to assume that this rise to our entry level will put us at the upper red band of our regression channel; money flow will be in our upper red band; and as we continue to back test these indicators, they have been spot on when determining future price movement. Using technical analysis and these very powerful indicators; I will be buying ITM options, for next weeks exp date.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: After poorer then expected CPI data this morning, a sharp decline in the market has led us to believe that there is still some red left in Sept. As we come into Friday; which we have OpEX, stocks are set up to drop even more.. as smart money has been loading up on put options. My entry will be $296.32, about the .5 retracement of the order block from the marked Order Block/ Supply level. I will have my stop set up just a little higher than the supply level; and will target the C wave/ swing low that was set today. This is a 10:1 risk to reward, and about a $8 dollar drop in TSLA.
Looking at Trendsi Dashboard, it's easy to assume that this rise to our entry level will put us at the upper red band of our regression channel; money flow will be in our upper red band; and as we continue to back test these indicators, they have been spot on when determining future price movement. Using technical analysis and these very powerful indicators; I will be buying ITM options, for next weeks exp date.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.