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Moshkelgosha
Jun 22, 2022 4:46 PM

Is this a good time to open position in Tesla? 

Tesla, Inc.NASDAQ

Description

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.
Comments
vrm07
I entered rally from 645 till 720 and just exited and saw your timely message that confirmed my 6th sense :). Awesome!
Moshkelgosha
@vrm07, You know what you do
CowabungaDad
Nice to have you back! Hoping rally first then dip back to 630-support.
Moshkelgosha
chiefwils0n
Bearish harmonics on the 60m, suggests a gap close is likely.
CowabungaDad
@chiefwils0n, Have same MACD signal too! Thanks for sharing!
JoeChampion
i will watch your TSLA zones, thanks for sharing!
Nor1gt
Dimond top = bearish (2nd scenario)
Angelik30
Great observation.

Thank You
Moshkelgosha
@Angelik30, You are welcome Vahe Jan
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