A Trade Setup in TSLA

Good morning, traders!

The Nasdaq futures are choppy at 16,000 after making quite the run. So, what’s next?

Looking for the next round of setups, of course!

When tickers and indexes get sticky, squeezes will start to consolidate. Those squeezes generally occur on the lower time frames first. When those squeezes fire, they can either be pullback squeezes or squeezes that take you to the next target zone. Determining which it may be depends on the pattern.

Let’s take a look at Tesla (TSLA), and I’ll show you why I think it’s poised for the next leg higher…

 

P.S. Want to get 30% off of the Hot Zone? Now is your chance! Click on this link or the image above, and enter code BFS23 at check out!

 

Up Next...

Managing Butterfly Spreads & Taking Profits: DKNG

Hey traders! I’ve been busy making videos after taking your requests! I’ve created a full series on how I manage spreads and butterflies, which you can find on my Youtube channel.  The latest video in the series is an overview of a bullish fly I placed in the Simpler Central room, along with a new … Read more

Read More

Top 5 Charts to Watch This Week…

Hey Traders! What are you trading this week? Check out my Top 5 charts in the video review below… In this market, it’s most important to focus on spots with high liquidity, major setups, and options action that tells you where to look for targets. What are you trading? Let me know below!

Read More

Taking Profits: Managing a Butterfly when Price Explodes

Hey traders! Nvidia earnings is out, and the stock continues exploding. On this ticker, I made two different small lotto bets. One was a bearish trade, in case the ticker had a bad reaction, and the other was a bullish bet. While I lost money on the bear side, the bull side made money. The … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now
all-as-seen-on-logos