TSLA G3 DUMP?

Markets bounced strong today... but will Tsla join or be the one to take the hit so the other stocks can run?
TSLA had a Rough Day I'll Keep this simple..

Here are my thoughts on Distribution Schematic:
114% Bull Run in 1 Month - Mainly Short-Squeeze Move
We could see one more move up in a Wyckoff fashion - this will burn the $200 call options along with all the puts added in past 2 days, setting up a Bear Trap and generating more FOMO for Bull Trap 3 thus providing Liquidity for "Composite Man" to make the most $$$

-I also believe that a Markdown is needed for Institutional Buyers to get back into the stock @ lower pricing.
Both Scenarios are viable, yet I'm leaning towards#1 .. but will be prepared to go with the trend.

Long-Term Bull/ Short-Term Bear

good Trading Today

Note

Trading View has issues with after-hours trading info on charts, but .. afterhours TSLA trading ended up kinda bullish, forming a "Dimond Bottom on the 15 min which could push the stock to $196 area tomorrow.. we will see how tomorrow opens up

Note

Tesla is currently breaking out with Market- Measured move of this break-is $198 If Tsla can get that high, it has a chance to reverse the Island Gap reversal from yesterday and re-enter trading zone $195-$97 will be strong resistance

Note

Starting to unload my Positions bought yesterday - Below $195 will be my last stop-limit

Tsla Over 199 & I will re-commit

Note

Consolidation :

Note

Max-Pain on Options
-$195 MAx Pain Between $193-$198 is best for Wallstreet to make the most $$$
- 115,00 $195 puts 120,000 $200 Calls

POC on Volume Profile is $197.18 *I want to see price Close above $198

Note

Great area for Long and Shorts Risk to Reward: x7 & x 9

Note

2 Positions Longs are ion $ Shorts just started : Risk to reward 1:9

Note

Will TSLA Hold or FLUSH?

Note

I believe that it is imperative for TSLA to close above $197 today

POC + Support channel Containment

Note

I may have been wrong about the $197 price point... Daily Close on Macro is not good.."Technically Speaking,...

Note

FYI - Big Bounce for QQQ which is Super Bullish.. but Volume was not as large as I had hoped for.. be careful going to Bullish in the markets next week...Don't be afraid to take profits...

Note

Rounding Top Breakdown see chart for my entry info

Note

Rounding Top Played out perfectly! - $188-$191will be resistance on way up

Note

below $185 we can see TSLA go to $182

Note

Target Zone #2 reached ... I'm not to confident with a retracement .. Jobs report may send this down further

Black_Sheep1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Black_Sheep1