This is another view of the golden Fib rejection but on a leveraged version of TSLA I sometimes sell options on. You can see here the stock blasted through a wedge resistance, TSLA was clearly overvalued, profit taking initiated on the low inflation print, I expect small caps to outperform going forward for a few months.
My plan is to continue to sell put spreads on TSLL
-my target is 11.8$ with multiple fallback zones, the demand box is more true on a weekly timeframe
My plan is to continue to sell put spreads on TSLL
-my target is 11.8$ with multiple fallback zones, the demand box is more true on a weekly timeframe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.