Will it fly, or will it crash? ๐
Here we have a good example why we must trade price, not indicators. We had an incredibly nice advanced breakout on the RSI, which gave us some fantastic trades recently, but now, it didnโt work at all.
As I mentioned, we trade price, and the trigger was the 606, which wasnโt triggered. You guys know that I want to another trade on TSLA, but Iโll only do it when it gives us a clear entry point.
Now Tesla is in a lower support level at 571, but this alone is not enough for me. I must see a better pattern.
Yes, we have a gap at 564, but if Tesla doesnโt close a bullish candle above the 580 tomorrow, I believe itโll hit the 546. Only time will tell. Meanwhile, Iโm an observer for now ๐.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
As I mentioned, we trade price, and the trigger was the 606, which wasnโt triggered. You guys know that I want to another trade on TSLA, but Iโll only do it when it gives us a clear entry point.
Now Tesla is in a lower support level at 571, but this alone is not enough for me. I must see a better pattern.
Yes, we have a gap at 564, but if Tesla doesnโt close a bullish candle above the 580 tomorrow, I believe itโll hit the 546. Only time will tell. Meanwhile, Iโm an observer for now ๐.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
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