This is the 1-hour chart of tesla which shows:
1- A harmonic pattern reached its 1st target
2- Tesla is at the upper border of a Triangle
3- Tesla could possibly make a diamond pattern after a +17% move
For a long position, R/R is 0.9 which is below coin flip (1)
Opinion:
This is not a good place to open a position!
Action plan:
If you have a long position and you are in profit, lock it by realizing your gains or updating your stop loss.
Best,
Dr . Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
1- A harmonic pattern reached its 1st target
2- Tesla is at the upper border of a Triangle
3- Tesla could possibly make a diamond pattern after a +17% move
For a long position, R/R is 0.9 which is below coin flip (1)
Opinion:
This is not a good place to open a position!
Action plan:
If you have a long position and you are in profit, lock it by realizing your gains or updating your stop loss.
Best,
Dr . Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.