Tesla is approaching Gann level 805. The current Elliott wave is coming to an end in the 5th wave (green count). An idea is to reduce exposure and start exiting positions. The wave may extend much higher. But since the internal wave count is quite difficult we may put a higher weighting on Gann levels.
The current wave is also result of Reddit activity in sustainability stocks, which can quickly fade should price stall.
Sun squares natal Sun on 30 SEP. Another less important aspect occurs on 28 SEP when Mars squares natal Mercury. We shall watch out for volatility and potential change of sentiment.
If price stalls below the current Gann level we may develop STO ideas to participate in bearish momentum.
The Elliott count on higher timeframe has been difficult, probably best interpreted as a number of ABC waves, definitely corrective in nature, so that the expansion of momentum may ultimately occur to the downside.
______________
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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Open an account here if you'd like to support my work:
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STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
The current wave is also result of Reddit activity in sustainability stocks, which can quickly fade should price stall.
Sun squares natal Sun on 30 SEP. Another less important aspect occurs on 28 SEP when Mars squares natal Mercury. We shall watch out for volatility and potential change of sentiment.
If price stalls below the current Gann level we may develop STO ideas to participate in bearish momentum.
The Elliott count on higher timeframe has been difficult, probably best interpreted as a number of ABC waves, definitely corrective in nature, so that the expansion of momentum may ultimately occur to the downside.
______________
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
Become a patron to enjoy regular updates & unique trading ideas: www.constellations.trade
Open an account here if you'd like to support my work:
Deribit - Trade Bitcoin option premium decay strategies here:
www.deribit.com/reg-14912.6680
Binance - 10% off trading fees with this link:
accounts.binanc....me/en/register?ref=LLBB97...
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.