If you are looking for some shorts in US equities, TSLA is a good choice.
The stock has confirmed a corrective Elliott Wave pattern and it is about to continue lower to complete it.
Shorts are favoured on today's market open (2020-10-29) with a massive target at $295.
Stops are places at wave B high at $465.
The stock has confirmed a corrective Elliott Wave pattern and it is about to continue lower to complete it.
Shorts are favoured on today's market open (2020-10-29) with a massive target at $295.
Stops are places at wave B high at $465.
Trade active
The trade is executed and due to the structure of the decline so far, it is safe to move stops to the break-even point.Trade closed: stop reached
Unfortunately, we were stopped out at BE. The trade could still work, but since we were stopped out, I am marking this as closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.