My Current Active Open Trades: EURUSD, EURGBP, AUDUSD, AUDNZD, XAUTHB
Tesla – Looking to Sell On A Pullback (4hr chart)
After tagging the all time highs around 286 (3rd time in a few years), you’ll notice a 2nd failed attempt followed by impulsive selling over the last three days.
A long term look at the Tesla price action on the charts shows the stock has been in a large range between 150/80 and 286 for the last few years. I think this latest sell off will create a pullback which will likely be sold again to produce new yearly lows.
Hence I’m looking to sell on a pullback. The most ideal location is near the all time highs around 286, …... Keep reading