TSLA

Game plan for tomorrow is to look for a good entry short. Going off the AH high of currently 791, this puts price action just about right at the 1.2x length of (a) of this a-b-c up and between the 618 and 786 retrace from the all time high. Being already in a large supply zone, I already started to build a small short and will look to add tomorrow if we stay under 806. A close above that may indicate the “a” and “b” of this a b c may be a wave 1-2 and we are in a wave 3 impulse. Some price levels will have to break for me to invalidate my downside opinion.

First target will be 570-540. As TSLA moves up and down in large moves, I’ll be going further out in time with puts to let this play out. As always, will watch to see if we stay under 806 before I just jump into a trade.