If $TSLA closes at or below $595 before any upward moves, is this a confirmed H&S? Does that count as a left shoulder? It would be big enough price movement, but really skinny time lapse so I'm not sure if that counts.
Would that be H&S if it confirmed below that neckline? I forgot to get the volume in that clip. The volume was strong on the way up initially, then tapered out, then picked up again on the fall between the head and right shoulder. The volume hasn't picked up again on the drop off the shoulder yet.
I've looked at the option chain a bit to try to get a good strategy if this confirmed and one thought it was going to continue dropping in price. Puts by themselves are really expensive. Nothing other then credit spreads against the upside looked that enticing. I know several of you here trade $TSLA frequently - does anyone have any great ideas?
Would that be H&S if it confirmed below that neckline? I forgot to get the volume in that clip. The volume was strong on the way up initially, then tapered out, then picked up again on the fall between the head and right shoulder. The volume hasn't picked up again on the drop off the shoulder yet.
I've looked at the option chain a bit to try to get a good strategy if this confirmed and one thought it was going to continue dropping in price. Puts by themselves are really expensive. Nothing other then credit spreads against the upside looked that enticing. I know several of you here trade $TSLA frequently - does anyone have any great ideas?