PTRA - Another Capitulation Wave Down

PTRA

All the action is in EV today. PTRA down 10% already today in tandem with TSLA collapse.

This looked somewhat promising as it probed out of the pitchfork although the clue was that no other EVs were moving with it.

But after the 3 wave completion there were 2 shorting opportunities as it fell back into the pitchfork. One was positional, the other with momentum.

And imo the momentum trade was the much safe option with the SRP (Shakeout Reversal Pattern) probing back into the dotted warning line entering near the candle close.

Heading for a massive capitulation.

I didn't trade this one but just to show the working.

Can't think of a worse market for hodlers 😸.

Not advice.