I use trendline Setup, Moving Average, S&R, Supertrend and SAR. What can I conclude here are :
1. The NDX does not break the trendline.
2. The NDX is below 200 MA, thus making the NDX in a downtrend position
3. The NDX break 50% of the daily candle of the support line.
4. The super trend signal for go short
5. The Parabolic SAR shows the downtrend
TA
1. MA : Moving Averages 20 above 50, and have a deep pullback, maybe a reversal trend signal in near future
2. Buy Long when the price hit the trend line and not breakout downward
3. Wait for the pullback signals then enter the trade
4. Suggested to trade within 1 hour TF and sell within the day
NASDAQ:TSLA
Trading ideas for Tesla for short, using the Keltner Channel indicator combined with descending triangle pattern. The volume slowly decreasing shows that the indication for buy pressure is decreasing.
A Triangle pattern for the hourly chart, can form the Head and Shoulder since the price hit the neckline. But come with bullish candlestick and slightly more than average volume. suggested to intraday trade, for a long term may bearish
