I was short and I got cleared out today, so now this is the perfect setup to provide liquidity for Smart money who is going to be selling at the supply zone, absorbing all of our buy orders. We shorts are getting squeeze and breakout longs are joining in providing lots of liquidity for the big players. Looking at the weekly, Tsla is in a sideways range and will drop back to $200 which is the spring to begin the move up just like it did early this year. The gap fill at the bottom will be a buy for retail traders so when smart money pushes below to $200, weak traders will be forced to sell as their stops will be triggered providing liquidity for big players. This seems to be the habit of Tsla smart money players based on my observation. Lets see if this plays out. Its all about looking for pockets of liquidity for these big players.
I went long after being stopped out because I know gap fill is the target and the final 3rd leg up. Price will probably gap up to trick every last retail trader into providing liquidity for them. A move sometimes begins with a gap at the bottom, a gap in the middle and a final gap at the very top.
The USD is dropping too for its 3rd leg tomorrow and should bottom, right now it seems to be moving opposite to stocks.
I went long after being stopped out because I know gap fill is the target and the final 3rd leg up. Price will probably gap up to trick every last retail trader into providing liquidity for them. A move sometimes begins with a gap at the bottom, a gap in the middle and a final gap at the very top.
The USD is dropping too for its 3rd leg tomorrow and should bottom, right now it seems to be moving opposite to stocks.