Tesla May fall before it revives.

We are in the middle of a demand area for Tesla. What does that mean? With the heavy selling, tons of demand is being fulfulled. We are getting close to the bottom of where there is strong demand (210-212). If We do not close below this area, there is a strong case for a rebound up to the 255 area. This may happen quickly.

With this "Players" Strategy, Participants, or "players" are able to be found out through pure price action and volume. Follow for more charting and happy trading!

Trade active

There was a player in the 223-227 range. Most of that liquidity got scooped this morning, but It hasn't fully dissolved. If this buyer (collective buyers) continues to demand here, we could see a bounce early. Although Tesla in terms of percentage is showing Relative weakness to the markets, It's Intraday price action is showing strength against the markets. We will see how this continues.

Trade closed: target reached

Buyers are still there at the 224. The market is going to continue to draw to bigger liquidity (224 area, 255 the beginning of that bigger liquidity). HOW buyers or sellers approach this area is really important. What we are looking for is a new aggressor (buy side, or sell side). We have some smaller Buying aggressors at 232.80, and 234.50.

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In The middle of the Range, both Sellers and Buyers aggressing positions, (this is what forms a sideways triangle.) Looking for NEW interest. From here it can go either way, but I would still assume a 210 touch before a strong rebound, the market tends to pick a direction better after multiple (at least 2) tests of liquidity.

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New Bidding Aggressor! Beautiful movement today from Tesla, although it did not hit my 210 scenario, We still have a big seller at 255. If Tesla attacks that area, we have a long headroom which we will make a new page for. Still in the works!

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We did not get the rejection at 255, Tesla has aggressed this supply zone, and there could still be alot of head room for telsa, this is my last post here. I will make a fresh cart for Tesla and new outlooks. Happy Trading!

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Wild price action, Alot of people are still looking to buy tesla at these levels. In premarket we did hit that 210 price target. Even with the market sentiment changing, I still would take a long here.

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Look at that, We found the liquidity, even through that crazy tariff swing

thecafetrader

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