TSLA

4.20.23 Tesla is going lower. I think it's going to move to a Gartly pattern which is a reversal pattern. I would not actually trade it to go lower because it's going to be a gartly I would trade it to go lower because the price action Is showing you that it's likely to go lower. It's not a gartly until it meets all five points and that's usually determined by Traders who use Fibonacci numbers. I was taught to think that Fibonacci Patterns Are not Reversal patterns until all five Points have met the criteria. There are good Traders to tell you it's not A pattern until it meets those criteria, and they don't trade It as if it's a Fibonacci pattern from the fourth pivot unless they have another reason to trade to the 5th point. Some years ago I used to hang out in Jack's room probably for about 2 years and watch people trade the patterns before the pattern was validated.... and it looked to me like they were losing a lot of money. I talked on my first video today about risk and what it means to have reasonable risk so that you don't lose much money on a losing trade. One of the best ways to make money Is to avoid bad trades or ambiguous trades. The two best ways to really make money in markets is to avoid the bad trades and the other way Is to stay in markets longer when you're profitable in a trade.... you want to trade the easiest trades and trade less.