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 didn’t work at all.
As I mentioned, we trade price, and the trigger was the 606, which wasn’t triggered. You guys know that I want to another trade on TSLA, but I’ll 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 doesn’t close a bullish candle above the 580 tomorrow, I believe it’ll hit the 546. Only time will tell. Meanwhile, I’m an observer for now 😉.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
As I mentioned, we trade price, and the trigger was the 606, which wasn’t triggered. You guys know that I want to another trade on TSLA, but I’ll 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 doesn’t close a bullish candle above the 580 tomorrow, I believe it’ll hit the 546. Only time will tell. Meanwhile, I’m an observer for now 😉.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
