Hello everyone this is my idea for TESLA on 1 hour time frame ..
Price is trading between red and green line ..
We wanna catch a breakout it can be bullish or bearish based on 1 hour candle close ..
If price close above red line we wanna buy to target zone above shown in the chart as target.. our stop loss is 1 hour candle close below green
If price close below green line we wanna sell to target zone below as shown in the chart .. our stop loss is 1 hour candle close above red line
RSI indicator can give us a hint about price action if black line is breached this could be a nice bullish indicator .. keep this in mind
for any question feel free to ask :) and good luck
Price is trading between red and green line ..
We wanna catch a breakout it can be bullish or bearish based on 1 hour candle close ..
If price close above red line we wanna buy to target zone above shown in the chart as target.. our stop loss is 1 hour candle close below green
If price close below green line we wanna sell to target zone below as shown in the chart .. our stop loss is 1 hour candle close above red line
RSI indicator can give us a hint about price action if black line is breached this could be a nice bullish indicator .. keep this in mind
for any question feel free to ask :) and good luck