Alright freebie time for my Twitter fam.
$TSLA is in a massive cup and handle right underneath it’s macro (high to low) .5 fib. It also finished the day in a bull flag after the nice moves this morning.
Here’s how I’d trade it and there’s a couple of options:
1. Riskiest- You trade the breakout of the bull flag. I’d wait for volume to curl in as the breakout happens. If volume doesn’t increase on the break…. 🚩. Reason this is the riskiest is because you still have the .5 around 258 right above you that could provide stiff resistance. So you could take a starter and then size in.
2. Safer- $TSLA likes to move especially that opening 30 min can be pretty volatile. Safer would be a strong volume push PAST the .5 (around 260) then look for a low volume pullback to 258 then it start to push again. At that point 265 is well within site. Could be some small resistance around 262.
3. Invalidated- If $TSLA breaks below 254-255 and especially if the volume picks up then it’s probably coming to retest 250.
Let price action and volume guide your way.
These are the type of write ups I do for my discord each night. If this was helpful to you, all I ask is like and retweet to help spread the good news.
Much love. ❤️
@MrBooksy People who throw shade simply have not followed your work. Your callouts before the previous run from 5.05 made sense and helped me personally make money. Keep it up man I appreciate your work.