I was correct that TSLA would form a pennant here because TSLA coils are so common, lol.
Wasn't quite correct with the size of the pennant though, so here's a revised plot. Downward target is a back test of teh channel, upwards would be another pump of the same size.
Options balance point is $380, so I don;t see it moving much teh rest of teh day
Wasn't quite correct with the size of the pennant though, so here's a revised plot. Downward target is a back test of teh channel, upwards would be another pump of the same size.
Options balance point is $380, so I don;t see it moving much teh rest of teh day
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Not sure if this is a backtest or a headfake, no position