TESLA - Shorting during downtrend?
Swing Trading Strategy
1. From the Chart analysis, we may want to test whether the downward momentum will slow down in 0.50 - 0.618 Fibonnaci level before shorting the market.
2. If it goes down further from 0.50 or 0.618, to consider short the market. NASDAQ (mainly for Tech Stock) would be your catalyst as this stock tend to follow the trend.
1. From the Chart analysis, we may want to test whether the downward momentum will slow down in 0.50 - 0.618 Fibonnaci level before shorting the market.
2. If it goes down further from 0.50 or 0.618, to consider short the market. NASDAQ (mainly for Tech Stock) would be your catalyst as this stock tend to follow the trend.
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