Tesla why I am short ..

Hello everyone this is my Tesla idea on daily time frame .. In this analysis i will talk about why i am short tesla and explain the reasons and also where good place to buy .

Why I am short Tesla .. 4 reasons

First Price is overbought in daily - weekly - monthly RSI indicator

Second there is a bearish divergence on RSI indicator showing on weekly look chart below ..

Third there is a pattern that showed before notice the two blue lines .. Price barrier was holding the price and when price jumped above the resistance ... ( blow off top )
Price got sold .. back into previous channel as shown in the chart

fourth got back between previous channel ( red line and black line ) and price showed rejection from red line ..

Now how to execute Our plan ..
I already sold from red line .. my target is black line ..
my stop loss is a daily candle close above red line ...
If you look at RSI indicator break of this divergence line will support our idea ..

Incase our plan fail .. I am looking to sell from blue line to target red line .. my stop loss is daily close above blue line ..

for any question feel free to ask guys :) and good luck

코멘트:

Our stop loss got hit ..
we wait for a better chance for short also we could have a new divergence on daily
maybe same time price can hit blue line again