Hello everyone. After days of consolidation, finally Tesla conquered the battle zone of 690-700, heading to the next target! How to make the guess of the next target?
Using the measured move tactic, the previous range is approximately $70. So, adding up $70, the next target is $780 which happens to be recent pivot high.
So my plan is buy the dip and hold it till the next target of $780. What do you you think?
Give me a like if you're with me.
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The drawback of the pullback setup is that you may miss the entry...
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There is a retest happened two days ago. Momentum looks good to the upside.