I don't normally like to trade on such narrow timeframes, but I happened to notice this beautiful Elliott triangle wave forming on $TSLA's 15 minute chart. I have previously posted my macro long thesis with a target around 1200 EOY and this recent breakout, plus the bull flag on the week lends me to believe that we are about to receive the leg up $TSLA's been looking for since January.
It's also worth noting that, with 1 week candles going back to early 2020, $TSLA MacD has completed a bullish crossover (as of today). This event has only occurred twice in the last two years!
It is interesting to see these macro and micro events align with such chronological perfection.
I do not swing trade micro patterns but this gave me enough conviction to add to a 1015/1225c debit spread expiring 1/21/22.
Trade safe!
It's also worth noting that, with 1 week candles going back to early 2020, $TSLA MacD has completed a bullish crossover (as of today). This event has only occurred twice in the last two years!
It is interesting to see these macro and micro events align with such chronological perfection.
I do not swing trade micro patterns but this gave me enough conviction to add to a 1015/1225c debit spread expiring 1/21/22.
Trade safe!
