Learn how price action and supply and demand control the markets
07 Sep 2023
Tesla and Elon Musk are always in the news for one reason or another. However, nobody is talking about price action and supply and demand. Price action creates imbalances made of price action and candlestick formations. Candlestick formations and supply and demand imbalances can tell us a lot about a stock’s future and where the stock price is heading. In Tesla stock, price action is clearly bearish.
Moreover, when the stock price has reached a strong supply imbalance on the monthly timeframe, the stock is trying to react for a few weeks and is now heading south as expected. This Tesla stock analysis can plan trades using smaller timeframes or bearish option strategies. You can use price action and supply and demand strategies to trade Tesla, other stocks, or any market.
Tesla Stock Price Today. Sell TSLA now?
As supply and demand traders, we need not consider fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
Join our supply and demand online trading academy If you want to learn how to trade stocks using our supply and demand trading strategy.
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