TSLA - Bullish- or Bullshi-TSLA looks to be making a beautiful inverse head and shoulders.
Considering how far off it is from the ATH, I wouldn't be surprised if we reach it once more before creating a double top.
Butttt, I don't like jumping that far into the future...
Failure is always a possibility especially for such a large inverse head and shoulder - but I like the current price point, the current reversal pattern, the golden cross appearing on the 1 day and all the insider buys. This helps support a strong inverse H&S.
Positions currently holding are NASDAQ:TSLA calls for 9/20 strike 250 for now which are only up 50%. If NASDAQ:TSLA moves tomorrow I'm expecting 216 (there's a tiny gap there).
With all eyes on NASDAQ:NVDA these next two weeks will be interesting.
CPI is also being released tomorrow - most likely will be either below or at expectations.
This is not investment advice - trade at your own risk duhhhhhhhhh