$TSLA Consolidating in a VCP (Volatility Contraction Pattern)

٤ ديسمبر ٢٠٢٣

I traded TSLA last week when it broke out of that inner wedge pattern. It went quickly and then pulled back. I made a good profit on a 2-day trade. A link is below for last week’s idea on the trade.

It looks to me that Tesla is finding some support in the low $230’s area. I have an alert set just over today’s high. If it triggers and the market are doing well, I will drop to a lower timeframe it looks for a good risk reward entry. All TBD.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

٥ ديسمبر ٢٠٢٣

تم فتح الصفقة

I have gone long at 1/3 size as it triggered over yesterday's high. My stop is just below todays low.

٦ ديسمبر ٢٠٢٣

ملاحظة

Added to TSLA @ 245.31 stop this batch LOD. Now 1/2 size position.

٦ ديسمبر ٢٠٢٣

ملاحظة

Well that add did not work Stopped on this batch. Still 1/3 sized.

١٣ ديسمبر ٢٠٢٣

ملاحظة

TSLA I closed this trade out on further weakness. Pattern starting to look bearish to me. I took a small 3.8% loss. Back on the watchlist. Maybe after the FED speaks it will turn around? TBD.

٢٧ ديسمبر ٢٠٢٣

تم فتح الصفقة

I have built a new position in TSLA over the last few trading days. I added again this morning. This is now my biggest and only full position trade. Let's see how this one plays out.