TSLA Trade on Aug 16, 2022 09:31 from quanphan135: Tradervue User Stock Trades.

The set-up:

Pre-Market Prep: 8/16/2022

Last Day closed: 927.96
Pre-Market High: 936.74
Pre-Market Low: 926

We have: resistance at 934; 935.63; 939 (Important resistance level: 935.63 and 939 - need to hold to remain bullish break out – LONG, and we can see possible 945-950 ; if that a fake break out, SHORT is the play)

We have: support at 931.94, 930; 927.52; 925.82 (925.82 - need to broke to remain bearish - if that a fake break down, watch for a reversal and go long).
Current Pre- Market Vwap: 933.27

Trading Idea for Scalper:

1) Bull Case: When market is open, once again, I want to see its open at least at the 931.94 support and hold the bid based on tape action. Once we get the confirmation and above the current vwap. I want to go LONG at the support level (or wait a pull back to enter) and exit next resistance at 934 – 935

2) Bull Case: When we at 935 and bid still how, I still want to wait another bull back between 934-935 to enter a LONG and exit at 938-940

3) Reversal Top: Yesterday despite many attempts to broke the beautiful resistance at 939, we have a huge seller around at 939 and 935, based on the price action and tape. If we struggle like yesterday, again we can play a SHORT reversal setup at those two resistances and exit of course at the next support. Please let the price action and vwap, using 5m and 15m to tell you the full stories intraday! Patience is a key!

4) Bear Case: Again, please the market opens first few minute and tell you the whole price action stores. But very focus on the vwap retest if you are playing bear as well. We have a support at 930 and 927.52 to break. If we can break that, wait another pull back/retest to its resistance and enter your SHORT (Always aim to excellence entries/reward – maximize your reward and minimize your risk)

5) Reversal Play Bottom: Now, like I said, we have to beautiful important strength support is 930 and 927, if that a fake break out, I looking to go LONG for a beautiful reversal. Your exit is your risk, but in overall, Tsla is strong, and I personally want to see it going to $1000 this or next week before spilt.

What I did Right:
1) Tape reading focus to see important intra day level
2) Already had this short setup this morning when is stock held ask at 940 and general stock market going down.

What I did Wrong:

None

Where I could improve:
1) If I could hold my position more, I could gain another 5 to 10 points beautiful SHORT DRIVE.
2) Sizing and Stock In Play

Trade grade: B+

Video Below