On December 18th, the IVO indicator alerted us to weakness, which was confirmed with the oscillator on the 23rd. Since that day, Tesla has continuously decreased and is currently in a pullback phase, within a bullish trend. Therefore, we will only look for long positions when we clearly observe that the correction phase has ended.
---> What point are we currently at on the H4 timeframe?
TREND: Bullish
STRENGTH: Bearish
MOMENTUM: Bearish
OSCILLATOR: Showing oversold signals
FORECAST LINES: Bearish (price below the two red Ichimoku guideline lines).
---> When could be a good entry point for longs?
The correct point would be when an H4 candle closes above the first FORECAST LINE and MOMENTUM turns bullish.
---> And when will this occur?
When the price closes above 408.50.
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Strategy to follow:
ENTRY: We will open 2 long positions if the H4 candle closes above 408.50.
POSITION 1 (TP1): We close the first position in the 442 area (+8%).
--> Stop Loss at 371 (-8.8%).
POSITION 2 (TP2): We open a Trailing Stop position.
--> Initial dynamic Stop Loss at (-8.8%) (corresponding to 371 of position 1).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (442).
SETUP CLARIFICATIONS
*** How to know which 2 long positions to open? Let's say we want to invest 2,000 euros in the stock. We divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to keep gaining value when the market price moves in a favorable direction but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
--> Example: If the dynamic Stop Loss is at -1%, it means that if the price falls by -1%, the position will close. If the price rises, the Stop Loss also rises to maintain that -1% during the increases, thus decreasing risk until the position enters into profit. This way, very strong and stable trends in price can be taken advantage of, maximizing profits.
---> What point are we currently at on the H4 timeframe?
TREND: Bullish
STRENGTH: Bearish
MOMENTUM: Bearish
OSCILLATOR: Showing oversold signals
FORECAST LINES: Bearish (price below the two red Ichimoku guideline lines).
---> When could be a good entry point for longs?
The correct point would be when an H4 candle closes above the first FORECAST LINE and MOMENTUM turns bullish.
---> And when will this occur?
When the price closes above 408.50.
---------------------------------------------------
Strategy to follow:
ENTRY: We will open 2 long positions if the H4 candle closes above 408.50.
POSITION 1 (TP1): We close the first position in the 442 area (+8%).
--> Stop Loss at 371 (-8.8%).
POSITION 2 (TP2): We open a Trailing Stop position.
--> Initial dynamic Stop Loss at (-8.8%) (corresponding to 371 of position 1).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (442).
SETUP CLARIFICATIONS
*** How to know which 2 long positions to open? Let's say we want to invest 2,000 euros in the stock. We divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to keep gaining value when the market price moves in a favorable direction but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
--> Example: If the dynamic Stop Loss is at -1%, it means that if the price falls by -1%, the position will close. If the price rises, the Stop Loss also rises to maintain that -1% during the increases, thus decreasing risk until the position enters into profit. This way, very strong and stable trends in price can be taken advantage of, maximizing profits.
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