ridethepig

ridethepig | TSLA on the Fairway

Short
NASDAQ:TSLA   TESLA INC
πŸ“Œ ridethepig | TSLA on the Fairway

An illustration of the consequences when surrendering the support and when your opponent grabs the break.

It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play.


Sellers are clearly on the fairway and this swing has been a very large one .

An express train!

With simultaneous plays down to structural support -40% from the highs, breaking through is an extreme. I expect 330 will be the final destination here unless buyers manage to somehow bring in more resources. A quick leg down before finding a base? Smells like it.

Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž
Comment: πŸ˜€

Comments

Smells like a dead cat to me
+2 Reply
ridethepig harrison1821
Agree @harrison1821 a cleanse of late longs
+1 Reply
I can relate thanks!
+1 Reply
ridethepig shibashi
Good to hear from you @shibashi
Reply
Back to the intrinsic value~ Interesting~~
+1 Reply
ridethepig Inandouthunter
Sounds about right to me @Inandouthunter
Reply
wonderful idea...
+1 Reply
ridethepig Mark_demariya
Kind of you @Mark_demariya
Reply
I'm not familiar with the term island reversal Are you just referring to the flat period before a trend reverses
+1 Reply
@WakyWayne, Here you go, "This price pattern occurs when two different gaps isolate a cluster of trading days.
The pattern usually implies reversal and can apply to a bullish or bearish change."
+1 Reply
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