TSLA - There is a clear story to this chart. Here's what we need
Always tell a HTF story of the charts before getting bogged down in LTF chaos. These HTF algorithms control price.
Clear what we need to look out for on this TSLA chart - Yellow strong algorithm needs to activate to take us out of magenta and teal strong selling.
Fortunately for me, you can't laugh at this. These are the same algorithms proving themselves over and over again for years. Do this same thing on the hourly chart for more detail and you will be able to work yourself into many profitable positions and understand how price is reacting to and from these HTF algorithms.
Cheers to more knowledge, more profits, and to building a strong community in which we can all find consistency in our own styles of trading.
Happy Trading :)
Clear what we need to look out for on this TSLA chart - Yellow strong algorithm needs to activate to take us out of magenta and teal strong selling.
Fortunately for me, you can't laugh at this. These are the same algorithms proving themselves over and over again for years. Do this same thing on the hourly chart for more detail and you will be able to work yourself into many profitable positions and understand how price is reacting to and from these HTF algorithms.
Cheers to more knowledge, more profits, and to building a strong community in which we can all find consistency in our own styles of trading.
Happy Trading :)
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