Two reasons I'm watching this price level for Tesla.
1. The market gapped up on multiple time frames and hasn't filled this level ($939 - $958).
2. Please direct your attention to the volume profiles. Note the bottom of this range, $939, has high volume. This happens to be close to where we gapped up, perhaps indicating strong support there.
One thing concerns me. My instinct was to either long or call, but we end up passing through the earnings call. I don't know what to expect with that, and am worried about the implied volatility there. I'd like to see some price patterns.
1. The market gapped up on multiple time frames and hasn't filled this level ($939 - $958).
2. Please direct your attention to the volume profiles. Note the bottom of this range, $939, has high volume. This happens to be close to where we gapped up, perhaps indicating strong support there.
One thing concerns me. My instinct was to either long or call, but we end up passing through the earnings call. I don't know what to expect with that, and am worried about the implied volatility there. I'd like to see some price patterns.
