Short Swing

3 days ago

We’re entering a short swing on Tesla as it has broken below the 20MA with a strong bearish candlestick. It also broke through my support level, turning it into a new resistance zone. My target is a small profit near the 50% Fibonacci retracement level. I will continue monitoring how the price reacts to the Fib levels and our resistance zone, as Tesla remains in a strong uptrend based on the 200MA.

2 days ago

Note

38.20% Fib my new Resistance zone

yesterday

Trade closed: stop reached

I locked in profit.