Moshkelgosha

Is this a good time to open position in Tesla?

NASDAQ:TSLA   Tesla, Inc
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

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