Another objective long entry/add-on with this pullback to the bottom of the recent trading range on QQQ with stops somewhat below, ideally on at least one, if not 2 or 3 60-minute candlestick closes below to help avoid getting clipped out on a stop raid. Longer-term swing & trend traders might consider just sitting tight on swing short positions for now although relatively tight stops could be set somewhat above the 268 resistance in order to protect profits. 60-minute chart:
QQQ 60m Jan 4th
Should this support hold or they powers-that-be is able to punch the Q’s down below it to run to stops & grab those shares only to ramp it back above shortly afterward (i.e.- bear trap or whipsaw), TSLA could see a quick ~25% run up to the 136ish resistance with a buy signal to come on a solid break above the 115ish & downtrend line/falling wedge pattern although one could also make the case to start scaling in here with the Q’s at support. 60-minute chart below.
TSLA 60m Jan 4th