Black_Sheep1

TSLA Crown Reversal Correction / 3 drives to low pattern

Short
Black_Sheep1 Updated   
NASDAQ:TSLA   Tesla
Tsla had a whipsaw of moves today and ran while the market sold off. I saw the inverse H& S early and set Target Price to $925-927 (.786) This will be final Leg down, creating a "3 Drives to a low Correction into continuation pattern"
My target is $895

Pattern invalid if we break above and close above 928

***CROWN Reversal pattern on 2 minute is happening right now 2:30 pm

Good Luck
Trade active:
if Shorting, Set Stop Loss above 928 if Stock Market is feeling euphoric, then pattern is canceled
Comment:
entering previous support in the 908 area - you can take a $20 profit or move your stop loss to $918 which guarantees $10 per share profit

Good Luck
Comment:
I advise not to hold Shorts overnight - TSLA is capable of Gaping up tomorrow and can trap you into a losing position
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