TSLA close analysis 6/9/2023

9 Haz 2023

Wow! That blow off top I mentioned last time around sure hit much sooner than I expected. Now we're basing right on top of the trendline from prior tops.

For me this is a no trade situation. I'm out of my long and I don't see any reason to go short yet. Breaching below the trendline could mark the top but you have to be super careful because it could just be a gap fill situation.

I'm bullish until I see a reason not to be. But at this point, it's a scalp only situation until I see some clearer price action.