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Short-term Bullish Breakout attempt

已更新

TSLA broke out of the falling channel with back test today-and could be attempting a 16% measured move up to fill the gap around $137.
*There will be resistance between 124-128.
If..IF Markets maintain bullishness we could see Tsla Move Towards $161-168 area, which coincides with: ~ Previous Support + 200WMA + 0.618 Golden Fibonacci Retracement, before moving back down to complete accumulation bottoming pattern.

Data to keep in mind:
THURSDAY: **CPI data expectations where just changed this morning - expectations of -0.1 instead of 0.0
JAN 23rd. *Earnings expectations are bearish

Protection Ideas:
if bullish pattern plays out - sell Early Feb $140 Calls to protect position

Pattern Failure: Close Below $108 (you could set a stop loss at $117 - Tsla may want to fill gap at $114 first or test 110 area

*** I do not believe the Markets are primed for THE Bull run yet (soon.. not yet) ... New Lowes are coming in Feb. Just an opinion..

Good luck & let me know what you think or if you have any good trade set-ups you want to share or discuss.

註釋

I would like to see a gap past $125 tomorrow morning which will add fuel to this this short squeeze rally - close above $128 should confirm the settlement to $140 area.

註釋

20 minutes until market close. I want to see a close above 13 ema @ $123.25 to confirm bullish control & close above 13 ema

註釋

actually close above 124 would be better, we may pull back tomorrow if there is weakness in the close.

註釋

TSLA looks ready for a gap-up and sell-off or pull back to accumulate before targeting $138-$140 zone.
-Deep Pullback may be setting up for the Inverse H&S Pattern (-8% drop to fill $113)

***Market signaling oversold conditions***
***VIX sold off by more than 10% in one session: 85% chance of Market Down-day within the next 2 trading sessions
***Negative News with Shanghai Plant

Deep Pullback may be setting up for the Inverse H&S Pattern (-8% drop to fill $113)

註釋

Diamond Consolidation Pattern Formation at the top with Quadruple Negative Divergence.
Breakout to downside can develop the inverse H&S set-up for next week.
*This is not guaranteed until follow through of the break-out.
*The more volatile the swings are lead me to believe that TSLA is still in containment and in a larger accumulation pattern:

註釋

Options are pushing TSLA to the upside. Close above 129.90 will send this up to fill gap in 138 area - watch these channels:

註釋

Bullish Day, Markets are exhausted with selling pressure - This looks like a great accumulation zone to burn as many options as possible for the week. Either break up to 137-140 quickly with rejection or accumulation .. followed by puump & dump ***keep an eye on max-pain with options - currently at $133 - could change after today. Good Luck

註釋

Looks like tsla is going to fill gap at $137 today, ppi info could provide further catalyst to break above $140 towards next target of $160 zone. I do not expect that move this week, but reachable next week if we hold above $138. We should see turbulence into the back half of this week

註釋

DO NOT FOMO into this rally! Target 1 reached - Options Spread shows large influx of Calls, Max-Pain for Markets to make most money from retail is to have TSLA close below $135 this week. *just my opinion

註釋

Hopefully you caught morning post before open-Pullback was further than expected- watch for close below$125 or gap below - this will push to test $115 zone (weekly selling containment)

交易結束：目標達成

We have hit our long-term targets perfectly - Great job to all!

**I do not see TSLA advancing much further in the short-term - possibly $165-$169 high ... to burn out options.... I would take profits and/or protect position here - sell 160 calls with Feb 23 exp - TSLA to drop soon - along with MARKET - just my opinion