tradersmentality

TSLA 60% Bull Probability

Long
NASDAQ:TSLA   Tesla
TSLA reversed up from a failed bear breakout and sell climax. The bulls have closed the exhaustion gap and created several potential breakout gaps around 200. The bulls now have a 60% chance of creating a second leg up and test of the middle of the upper trading range around 300. The bears need a strong breakout below the 180 higher low. The probability of this is 40%.

Once prices get back into the 260-360 trading range, prices will once again return to a 50/50 directional probability. If the bulls continue to get strong consecutive closes, and the bears do not get any strong selling pressure, the probability will slightly favor the bulls for a test of the high of the range.

To learn more about how to determine the directional probability and how to create a trade based on this, please see below.

If you found this helpful please like! Feel free to comment or ask questions.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.