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Tesla Predictions for September 2023 (Paid Version/Best Trades)

Updated: Aug 28, 2023



  • Month’s Theme: We’ll meet a resistance level we’ve failed to break through before and then decline off of it.


  • Behavior Around the High: Sideways fluidity with equal amounts of inflow and outflow.


  • Behavior Around the Low: An important low on a multi-day scale.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position on the 6th before a decline to revisit a support level. I would exit that toward the end of the day or hold it overnight into midday on the 7th.

    • An opportunity to open a short position early on the 11th. You could close that at the end of the day on the 12th.

    • An opportunity to open a short position on the cusp of the 19th/20th. You could close that on the 22nd after three pokes through the same price level and a sharp drop.

    • An opportunity to open a short position on the 26th. I would close it after a decline on the 27th.



Overview


On the 1st, we have a brief peak that’s easily missed and a significant decline through multiple support levels. The market is closed on the 4th. On the 5th, there’s a move to reach a high at the end of the day. On the 6th, there’s a sharp drop that stands out within a period of volatility. There’s a trough and an unexpected move out of it on the 7th. On the 8th, there’s a trade opportunity in the midst of a sideways-fluctuating decline. There’s some rotation along a key support level.


On the 11th, there’s a significant gap up into a peak or crest. We’ll sell off of that crest, do a U-shaped reversal, and then come back up to reuse that crest as support. On the 12th, there’s mixed behavior. We’ll likely open higher and then decline into the end of the day. There may be a big move to the upside at the end of the day if not on the 13th early in the day. On the 14th, there’s another notable move to the upside standing out on a multi-day chart. On the 15th, there’s a pop and drop.


On the 18th, we’ll likely have a gap down after a notable sell-off from a peak. On the 19th, there’s a decline to and through support to meet a second support. On the 20th, there’s likely a gap up with a crest early in the day. We’ll also have some sideways rotation and a sharp drop that will stand out. On the 21st, we’ll have three pokes through the same price level followed by a sharp decline taking us to a lowest low thus far. On the 22nd, we’ll rally out of that decline, however that rally ends.


On the 25th, we’ll open lower and may have some sort of important decision between two leaders. We may have a prominent move higher followed by a full retracement of that. On the 26th, there’s a crest at the beginning of the day and then a decline into a trough midday. That’s followed by a really big move to the upside reaching for distant resistance toward the end of the day. On the 27th, we’re bumping along resistance sideways. On the 28th, there’s a sharp drop on a multi-day chart followed by a rally to the upside. That rally is halted on the 29th.



Sneak Preview


In October, there’s an important resistance level highlighted and we’ll revisit a crest.






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