A Trade Idea On TSLA....
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I love the DeMArk indicators. It has been the basis of a lot my trading for the last 10 years. Why? Its a really simple framework actually. Forget about the 9’s or 13’s. None of that really matters. I’m looking at the TD Propulsion levels being rejected. Only once in May did we trade below TD Prop and complete downside to the swing lows.
Since then, we have been rejecting those TD Prop levels (blue arrows) and reversing higher. This morning, I put out a long idea for Pivot subscribers to get into TSLA as a low risk rewards vs a close below yesterday’s low.
There are other variables in play here as well: ATR Trend Model, Anchored VWAP from 546, and a trend line breakout retest. I know its a tough long, but you have try and do what works.
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