Evening Traders,
Today analysis – TSLA – trading below its key Daily S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R objective
(.50 Fibonacci Confluence)
- Daily S/R Resistance
TSLA’s immediate price action is impulsive, confirming a bearish retest of the Daily S/R will allow for a bearish bias.
The Local S/R is objective that is in confluence with the .50 Fibonacci, a respect of this level is probable on first attempt.
The immediate oscillators are bearish with stored momentum, maintaining their bearish control territories will deem weakness.
Overall, in my opinion, TSLA is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps thank
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
Today analysis – TSLA – trading below its key Daily S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R objective
(.50 Fibonacci Confluence)
- Daily S/R Resistance
TSLA’s immediate price action is impulsive, confirming a bearish retest of the Daily S/R will allow for a bearish bias.
The Local S/R is objective that is in confluence with the .50 Fibonacci, a respect of this level is probable on first attempt.
The immediate oscillators are bearish with stored momentum, maintaining their bearish control territories will deem weakness.
Overall, in my opinion, TSLA is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps thank
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.