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Tesla Geometry
Posted: Fri Mar 05, 2021 10:11 pm
by julianw
Some nice resonation on the 5 minute chart in Tesla today:
Re: Tesla Geometry
Posted: Fri Mar 05, 2021 11:42 pm
by Thoth
Wow Julian!
Beautiful chart
Re: Tesla Geometry
Posted: Fri Mar 05, 2021 11:44 pm
by Thoth
What are the vertical, blue lines?
Re: Tesla Geometry
Posted: Sat Mar 06, 2021 12:47 am
by julianw
Hi Thoth,
Those blue lines are fib time projections
0.618
1.00
1.27
1.618
Re: Tesla Geometry
Posted: Sat Mar 06, 2021 12:54 am
by julianw
I traded this (as an option) the time prediction was bang on, but I got the direction wrong, as soon as it started to move I got out, basically with a free ride, because the spike in implied volatility increased the value of the option.
If any one has any ideas on how to predict directional reversals on Change-In-Trends I'm all ears.