Tesla Is About To Sink. Get PUTS Ready!!!!
Currently Tesla (TSLA) is in a Downward Channel. At the top of the channel I have charted three areas of resistance. On the Chart I've listed them as Weak to Strong. Tesla last low maintained a little over $100, saving its rep of trading in the three digits. I honestly think with the approach of Earnings on April 24th Tesla will Hit a new low, lower than $99. I'll List below things I'm watching to managed this thesis. Stay Bless and Happy Trading. And also ill be going live and share a Video on my thoughts on this TRADE with levels. (IM USING A SIM ACCOUNT)
Feel Free to Share your Thoughts By leaving a Message Or DM
Go Easy On Me, Im New To This. ;)
1.Market Breadth in the S&P 500
2.52-Week Highs & Lows (MAHP & MALP)
3.Advance Decline Line
4.Price Exhaustion at the top of the downward channel
TSLA
5.Option flow (Put Call Ratio) in the resistance level of Channel.
6.VIX
7.Price Action Before Earnings (that's the purple line on the chart)
Byc.Trades
