Technician

Tesla Technical Analysis: An Example of a High Probability Trade

NASDAQ:TSLA   TESLA INC
759 8 14
This is not a forecast, It's too late to post such a chart, however, it's worth mentioning as an educational post and as an example of high probability trade setups. A combination of technical conditions that present a trade to take action on.


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Technician

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littleriver
2 years ago
HI Technician, Great example! Thank you for sharing it. One can literally see the loss of enthusiasm in the three waves. The first is almost strait up with each candle going nearly to the top( no wicks). The second is a bit contorted with many wicks and more slanted. Finally , the third is a a bit of a mess with it's hump and many wicks. Really nice! Thanks!
+2 Reply
Technician TOP littleriver
2 years ago
True.
Anyway, it needs a lot of courage to short a strongly up-trending market.
Thanks
Reply
2use Technician
2 years ago
which is happening now - one more red day and here we go for a slide
Reply
2use littleriver
2 years ago
This comment also deserves an up :)
+1 Reply
Technician TOP 2use
2 years ago
hehe :)
Reply
Kumowizard PRO
2 years ago
It also reflects on something else. Regardless the method one trader follows, looking at and trading on higher time frames (daily and weekly) is less stressfull and is a better strategy on the long run, than day trading on 15m-1H charts. Following longer term charts we always see better risk-rewards, and that teaches patience and discipline for investors. You see the bigger picture and don't feel the must to react so often.
Reply
Technician TOP Kumowizard
2 years ago
Agree, but it truly depends on the personality of the trader, for example, i cant withstand a trade open for too long. Someone else might prefer to hold trades for a longer run and he wouldn't feel any stress. Some ppl might like to enter and exit very quickly, they do not accept longer pressure.
Reply
Technician TOP Technician
2 years ago
I totally agree about ignoring noise.
Reply
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