basictradingtv

Tesla -> Will Hisory Repeat Itself

Long
BATS:TSLA   Tesla
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure🖥️

I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!

In today's anaylsis I want to take a look at the bigger picture on Tesla.


All the way back in 2020 Tesla stock broke out of a monthly triangle formation and pumped more than 1.500% towards the upside. You can see that at the moment Tesla stock is once again creating a monthly triangle formation and there might be another breakout coming soon.

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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.

- Philip Basic Trading -

Keep the long term vision🫡

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Keep your long term vision.
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