@DMendy02 Tyrone Tracey or Patrick Taylor. I'm worried about Tracey being on a snap count. But Taylor is very much an unknown quantity.
Who would you play?
Pt. 5 $TSLA just crossed over to the red for MACD on the 2 hour time frame and it is forming 3 black crows on the 15 minute timeframe. NFA. My puts switch to calls at $220, maybe lower.
Pt. 1 $TSLA has bounced off 265 as it has multiple times in the past. Made a lower high and a lower low. It has bearish divergence on RSI. It looks like it will fall to 220 or gap fill to nearly 213 before making it's next move to 265 and beyond.
Pt. 4 $TSLA has two gaps to fill near $214 and $232. These are going to act like magnets until they are filled. Traders know that 80% of gaps are eventually filled and use this as an entry point. Thus, volume is going to drop as we work closer to them.
US retail sales for June:
💵 Total sales: +0.2%
🛍️ Core retail sales: +1.3%
🍔 Foodservice: +4.0%
⛽️ Gas stations: -2.1%
🚘 Autos: -5.2%
Weakest overall growth since January 2024. Core retail weakest growth since April 2023. Is this the start of a consumer slowdown or a blip?
$TSLA is looking like were set to pull back to $220 before earnings 🚨
I still have December $260C open, but I am saving a boat ton of cash to average down.
Find out what's showing this bearish signal ⬇️
@ewtracker I lean in favor of it going down temporarily. Seeing bearish divergence on RSI and that gap being a magnet. It might also cross over on daily MACD.
@TalatiTapan Interesting, I see it forming another reverse head and shoulders neckline at 265 on $TSLA. It's looking like that will be the next stop, slight pullback and then rip to 300