TSLA inverse head and shoulder?
- Per previous sharing, negative reaction to NFP, wait for 250 before selling puts ==> executed!
- Market was more reacting to China further discount of TSLA models
- inverse head and shoulder formation will be confirmed if there is a bounce off MA20 green next week. Around 240 down to 232 (again, mentioned many times before, the sacred range).
- Even if the right shoulder is formed, note that it has to break and backtest 255/260 neckline to be bullish
- Good ranges of play
My Watch/Plays
- Sold puts strike 220 and 190
- Will sell more puts 160 if 232 gets broken downwards
Good luck, all!
@melson @macroB @LMSunshine @CaptainTiger @TigerStars @Deposit
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