Despite the current bull rally in Tesla I see a great opportunity for a short position in 262-264 area.
This area is previous resistance and would also be 61,8% retrace of the earlier AB movement. Before going short we will need to see a clear reverse candle stick.
Loss is limited to 271 and profit should be taken 222.30 and/or half size further down at 205.8.
This is my first post on this site so please feel free to give me feedback. Thanks to all for great ideas!
This area is previous resistance and would also be 61,8% retrace of the earlier AB movement. Before going short we will need to see a clear reverse candle stick.
Loss is limited to 271 and profit should be taken 222.30 and/or half size further down at 205.8.
This is my first post on this site so please feel free to give me feedback. Thanks to all for great ideas!
