TOSOPTION

TSLA Short term rally target

Long
NASDAQ:TSLA   Tesla
We have implemented the Wolfe Wave Zero-Lag indicator to Tradingview. Eighty Percent of the Waves that form and display on any time-frame we assume bullish. For example, in the chart on TSLA, there is a Bearish Wolfe Wave marked in red. So we assume a contrarian position and approach this trade as a bullish setup. If price takes out pivot 5 then tsla breaks out taking out it previous 5 day high. When using this over the weekend, the trade become easier to manage in terms of risk and reward. Holding TSLA long call positions over the weekend averages approx 58% probability of success with profit factor greater then 2.4. Our targets are usually determined using premarket gaps or fibonacci 1.272 extensions.

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