Going into Labor Day weekend I like to have a little short. TSLA has outperformed over the 2-yr, 1-yr, and 6-mo time frames, but has under-performed more recently. The upswing over the last 10 days may prove to be a counter-trend move in the context of the downtrend. There are a number of related harmonic patterns that are suggesting as much.
Beyond that, I don't have any great conviction in the trade. I was looking for a short and this one checks a bunch of boxes.
My SL and T1 will follow the deep crab pattern shown on the chart.
Beyond that, I don't have any great conviction in the trade. I was looking for a short and this one checks a bunch of boxes.
My SL and T1 will follow the deep crab pattern shown on the chart.
Not
Those who know me may ask why I am violating the cease and desist order I issued myself against shorting TSLA. What can I say? I guess I am a glutton for punishment.Not
That downward trend channel of the past month got challenged right away and, on the 15-minute chart, a symmetrical triangle emerged and broke to the upside. This is a *very* bullish pattern which, according to LonesomeTheBlue's HPP indicator, has a 91% chance of success and a profit factor of 49. I remained short, whether out of stubbornness or ignorance. Then, suddenly, 15 minutes before the close of trading the wind shifted, QQQ sold off, and TSLA with it. I am not sure that this weakness will carry over into tomrrow's session; if I had to guess I'd say that it was likely end-of-month gymnastics. But I continue to bank on a post-holiday hangover mood for next week.İşlem kapandı: hedefe ulaştı
News of price cuts in the US sent TSLA down hard today. This is not what I expected. I intended to hold the TSLA short through the weekend. But the market offered an opportunity to grab some green ahead of the weekend, and I won't say no to that. I'll look through my watchlist to see what other names might offer an opportunity for a short.Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.