TESLA, Deviation from the low? Long

Tesla, Inc.NASDAQ

Description

⋅ May 8, 2023 10:18 AM

TESLA / 1D

Hello traders, welcome back to another market breakdown.

TESLA have been holding after a very strong rally, the price has formed a complex AB CD pull-back second entry long for bulls.

I'm expecting this pull-back to be over as long we close above 180.

Trade safely,
Trader Leo.

Trade active

⋅ May 18, 2023 9:57 AM

Update

Trade active

⋅ May 22, 2023 3:34 PM

Update:

Comment

⋅ May 27, 2023 10:22 AM

I have closed all my longs on Tesla for now at the Major trend line.

Comments

Marcusgator

⋅ May 9, 2023 1:48 PM

Any consideration for potential island reversal?

Leo-btm

⋅ May 9, 2023 2:14 PM

@Marcusgator, What do you mean?

Marcusgator

⋅ May 9, 2023 3:51 PM

@Leo-btm looking at gap up on 1/26/23 and subsequent gap down on 4/20/23. Seems to fit the profile for and island reversal indicating a top and potential bearish reversal

Leo-btm

⋅ May 18, 2023 9:56 AM

@Marcusgator, I'm long from 153. A close above 180 zone would confirm 2 legged complex pull-back which is bullish.

TradingBrokersView

⋅ May 9, 2023 10:51 AM

Accurate analysis. Thank you.

Leo-btm

⋅ May 9, 2023 3:48 PM

@TradingBrokersView appropriate it

WalterMoon

⋅ May 18, 2023 11:05 AM

Quality Post, Thank you brother for showing us this details, I didn't saw it earlier

Leo-btm

⋅ May 18, 2023 1:04 PM

@WalterMoon good luck

true_Punisher

⋅ May 11, 2023 11:35 AM

Our group will buy TSLA at the open today. TSLA 215 breakout will come with force. If rivals EV are rising and beat EPS/revenues. Expect the correction above 215 soon

Leo-btm

⋅ May 18, 2023 9:57 AM

@true_Punisher, That's nice, Long from 153