(TSLA Long )
Looking on the Weekly you will find, that we are sitting a Strong Support Level.
Jumping down to the daily, you will see that we have an ‘M’ Formation, which I believe is not yet finished forming. We will probably see one more impulse up before finishing the ‘M’ Formation.
Also, The candle currently sits as a Bullish Gravestone Doji which is a reversal candle. > I stared at the candles leading into the Gravestone Doji, and also with the consideration of the Volume….. it seems as though the Sellers will lose their momentum, and buyers will take control tomorrow.
I will be looking to setting my buy limit @ 262.01 and with a 60 pip S/L. and I will have a a TP1 @ 274.33, and TP2 @ 278.91. I like setting my lines on ODD numbers, if you couldn’t tell.
I will be scalping in the 5m & 15m, a little bit tomorrow, around my buy limit….. if I see anything that deviates from this idea.
I hope you liked the quick read. Thanks everyone~
This is not financial advice.. This is my own Speculation, and you should not use it for actual trading…
Looking on the Weekly you will find, that we are sitting a Strong Support Level.
Jumping down to the daily, you will see that we have an ‘M’ Formation, which I believe is not yet finished forming. We will probably see one more impulse up before finishing the ‘M’ Formation.
Also, The candle currently sits as a Bullish Gravestone Doji which is a reversal candle. > I stared at the candles leading into the Gravestone Doji, and also with the consideration of the Volume….. it seems as though the Sellers will lose their momentum, and buyers will take control tomorrow.
I will be looking to setting my buy limit @ 262.01 and with a 60 pip S/L. and I will have a a TP1 @ 274.33, and TP2 @ 278.91. I like setting my lines on ODD numbers, if you couldn’t tell.
I will be scalping in the 5m & 15m, a little bit tomorrow, around my buy limit….. if I see anything that deviates from this idea.
I hope you liked the quick read. Thanks everyone~
This is not financial advice.. This is my own Speculation, and you should not use it for actual trading…