A strong inverse Cup and Handle setup has formed on TSLA over the past two days so it's looking like TSLA might be in for a larger short-term retracement before reaching new ATHs.
POTENTIAL SHORT SETUP
Purely educational and not financial advice.
POTENTIAL SHORT SETUP
- If the $1135 support line is broken, we could see a retracement of up to 6.5% - calculated from measuring the height of the cup.
- Stop loss placed at the top of the handle.
- This would also be filling the large gap created during Monday pre-market.
Purely educational and not financial advice.
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Target hit and position closed out earlier today ^.^
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This aged well, hitting both TP1 of 1060 and TP2 of $990 - I hope ya'll were able to get in on this trade! :)
I hope some of ya'll got in on this! :D