TESLA - Is The Bullish Trend Over?

31 de jan. de 2021

Hello everyone, if you like the idea, do not forget to support with a like and follow.

TESLA is sitting around a strong resistance area 900-1000 so we will be looking for sell setups on lower timeframes.

on M30: Tesla formed a valid trendline in red and broke its last swing low downward.

We also have a "BEL" on H1 (customized strategy) and divergence.

So as per my trading rules, this one started the bearish trend and currently holding a sell, with a stop loss above the last high and 1/2 risk/reward target.

This is not a direct signal to sell. Never ever follow anyone blindly. Do your research and always enter as per your rules and confirmation.

Good luck!

~Rich