TSLA Trade on Aug 18, 2022 09:35 from quanphan135: Tradervue User Stock Trades.

The set-up:

Pre-Market Prep: 8/18/2022

Last Day closed: 911.99
Pre-Market High: 922.53
Pre-Market Low: 914.07

We have: resistance at 918; 920.52; 924, 925.91 (Important resistance level: 920.52 - need to hold to remain bullish break out – LONG, and we can see possible 930 -935 ; if that a fake break out, SHORT is the play)

We have: support at 915, 912.44; 910.49; 904 and 900 ( 908.50 - need to broke to remain bearish - if that a fake break down, watch for a reversal and go long).

Current Pre- Market Vwap: 917.95

Trading Idea for Scalper:

1) Bullish Case: When market is open, I would like to wait and see if it’s price can hold 918 – above vwap, held bids per tape. If is strong, any pull back, I would like to enter a LONG and looking exit at 924-926

2) Bullish Case: Again, if we could hold at 926 and bids held per tape. Any pull back I want to go buy LONG position again and exit at 930

3) Top Reversal: 2 days ago, despite many attempt to hold at 924-926 resistance, we always got a reversal from the top, watch out for those two setup if the ask held between two those level. Reversal Setup always making a lot of gain but, patience is the key. Please let me price action tell you the today story

4) Bear Case: When market is open, there maybe a fake breakout (up) or fake break down (down). But if we did broke below 915 and seller held their ask at those important support level 915, 912, 910.49. Any pull back is an excellent entries for SHORT.

5) Bottom Reversal: None: We have a important support hold at 900 today. Again, I will not trying to catch the bottom, but watch out for these support if you decided trade this setup: 905; 902; 900

What I did Right:
1) Beautiful entries and exit - Correct my mistake yesterday, more patient as the open
2) Entry with setup/and tape

What I did Wrong:

None

Where I could improve:
1) Keep up and improve what I do everyday

Trade grade: A

Video Trade Below