Here we trade Tesla stock using 1W Ichimoku levels.
What do we observe?
Price dipped below the base of the green cloud at aproximatly $161. The market kindly urged weak hands to let go of their shares, so we look for long opportunities. I.e. trade the correction, get everyone bullish before continuing our way down.
The first two support levels on the 1W Ichimoku chart are shown. We're trading around the first level at $147.45. Excellent, we'll take it! Profit targets orange levels and zones. Stop somewhere below the level of $132.63.
Remember: this is just an idea, NOT financial advice in any form. Please do NOT take this trade, as it might run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving it a boost. Happy trading!
What do we observe?
Price dipped below the base of the green cloud at aproximatly $161. The market kindly urged weak hands to let go of their shares, so we look for long opportunities. I.e. trade the correction, get everyone bullish before continuing our way down.
The first two support levels on the 1W Ichimoku chart are shown. We're trading around the first level at $147.45. Excellent, we'll take it! Profit targets orange levels and zones. Stop somewhere below the level of $132.63.
Remember: this is just an idea, NOT financial advice in any form. Please do NOT take this trade, as it might run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving it a boost. Happy trading!