Update on Tesla & importance of Reward/Risk calculation.
Last week I published a neutral analysis on Tesla, and mentioned elaborated that reward/risk is below 1 (0.83) so Tesla price has slightly higher chance of going down in the following week.
Tesla price wen down 4 days in row and made a reversal pattern on the very last day!
After making a bullish bat at hourly chart and a hammer candle at daily chart I believe the chance of price for going up is higher in the coming week:
Potential gain:12.5%
Reward/Risk:3.5
Timeframe: 1 week
*Keep eyes on call options..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Tesla price wen down 4 days in row and made a reversal pattern on the very last day!
After making a bullish bat at hourly chart and a hammer candle at daily chart I believe the chance of price for going up is higher in the coming week:
Potential gain:12.5%
Reward/Risk:3.5
Timeframe: 1 week
*Keep eyes on call options..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
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