Hubert Senters here.
Let’s take a look at Tesla. I like to do scans on Ichimoku for abunch of different variables which is just a fancy way of different scenarios.
So what I’m looking for here is above the cloud above the turning line above the standard line but pulls back below the turning line which is the yellow line.
It goes to the standard line bounces off the standard line and then closes above the turning line. I call it slingshot trade. You can call it whatever you want.
It’s a test of this standard line and a re-close above the turning line. The implication is that it will probably go higher and take out its most recent highs around $1,677 and then go towards that $1,799 area.
Now, obviously, the price needs to continue to rise in order for that to happen but that’s the type of stuff I like to look for. Now talking about scanning for trades Mark Helweg is going to be doing a special webinar Wednesday, July 29th.”Finding Explosive Trades with the SVS Strategy…How To Find Trades Like a Sniper!”
I’m going to HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
