alebarrera

Short sell on TSLA

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NASDAQ:TSLA   Tesla
Above I applied new strategies I am learning. I am a new trader and this serves as a very rough analysis on how I am currently looking at TSLA and how I trade it. Today there was no major news depreciating or appreciating their stock; product release, earnings reports, legal matters,etc so I do not have a bias on my predictions. Above I apply smart money concepts on areas of liquidity gaps being filled to hit stop losses and market structure for optimal scalp trades. My prediction on where the market will open depends roughly on where the previous session closed, if it Closed above or below opening price line on that session then the next session should follow in that trend. I shorted the market when it opened and took profits reaching towards the green line where the next area of liquidity was. Sessions with similar time bars in recent sessions have had similar price ranges. I recommend using these averages as safe stop losses and profits. The blue line (level≈716) was predicted as a pull back to fill buy orders and hit stop losses from the previous lows. There we can short again and I predict this trend continues on the next opening session. Depending where we see the market open we can aim for the next area of liquidity either towards the green line (level≈672) or the 0.786 fib level. Look on the 5 min time frame to find optimal swing highs and lows.
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