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Todays Big Stock Wealthpop News

Is Tesla (TSLA) About To Pump The Breaks On Its Latest Rally? ⎯ This Chart Suggests It Might


The damage of the FOMC and Jerome Powell’s announcement has been done and it sent the market crashing with some of the major indexes falling over 1% from the day’s highs. However, this doesn’t mean there aren’t any trade setups we should be looking for.

Just the opposite. This may have just triggered another trend days following the announcement. Our trade setup today is on a stock we have talked about in the recent past and one that can really make some large moves when a trend is in place.

However, when trading options on Tesla (TSLA), you need to be careful. Trading TSLA is most definitely not for the faint of heart. If the break of the pattern I highlight in my video confirms, we could see 240 in the not so distant future. Be sure to keep this trade on watch as we wrap up this week

If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime. Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as your guide? Give it a try today!

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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