If we break this pivot I'm going short to the 200MA on the daily chart. I love the strong support of the 200MA and like the break of a strong pivot to get in. Trade safe and don't hold anything over night if you don't have to yet.
Also, TSLA formed a rather large pennant, I plotted that as well. Anything below your line and it's headed below $300....
It's really about time for this bubble to pop.
hungry_hippo
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Should have just faded the gap, was probably the easiest play ever. $55 gap up on a day when the market was gonna tank.... mistimed the exit a bit but still made money.
I knew it was heading down today because SPX futures (ES1) got overbought pre-market. I even mentioned it this morning in one of my ES1 plots.
It's really about time for this bubble to pop.