Tesla Unstoppable

Tesla unstoppable by ChiScoot on TradingView.com

Tesla is coming out from a modest pullback and on its way for another rally.

I measured the move from the previous swing low (326.59) up to the last swing high (488.54) before the pullback.

I did the same exercise from the next swing point at 415.41 and the projected measured move of 161.95. For confluence, I am using 5-12 EMA pair for trend direction.

Take profit at around 577 area. Follow your own risk management as for your defined loss.

Don’t trade what you believe should be happening, only trade what is happening even if it seems impossible. 
— Al Brooks

I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.