Hello everyone this is my idea for TESLA on 1 hour time frame ..
Price is trading between red and green line ..
We wanna catch a breakout it can be bullish or bearish based on 1 hour candle close ..
If price close above red line we wanna buy to target zone above shown in the chart as target.. our stop loss is 1 hour candle close below green
If price close below green line we wanna sell to target zone below as shown in the chart .. our stop loss is 1 hour candle close above red line
RSI indicator can give us a hint about price action if black line is breached this could be a nice bullish indicator .. keep this in mind
for any question feel free to ask :) and good luck
Price is trading between red and green line ..
We wanna catch a breakout it can be bullish or bearish based on 1 hour candle close ..
If price close above red line we wanna buy to target zone above shown in the chart as target.. our stop loss is 1 hour candle close below green
If price close below green line we wanna sell to target zone below as shown in the chart .. our stop loss is 1 hour candle close above red line
RSI indicator can give us a hint about price action if black line is breached this could be a nice bullish indicator .. keep this in mind
for any question feel free to ask :) and good luck
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.