How To Trade TSLA With The Square Of 9 Wheel

TSLA bottomed at 101.80 on January 6.

This was a Time/Price square-out because 101.80 is opposite November 4 (2021), the date of its all-time high.

Red is November 4.

Blue is 212.

TSLA is up over 100% in its 7th week of advance since the January 6 low.

TSLA is up pre-market again today, trading at 214.

The following Square of 9 displays the significance of 212 and 226:

101.80 low, January 6, 2023 purple

360 degrees up is 145

720 degrees up is 198 green

Plus another 90 degrees up = 212 red

Plus another 90 degrees up (900 degrees from low) = 226 orange

209 becomes short-term support now as it vectors/vibrates off February 14/15.

Feb 14/15 blue vectors 209 red.

Most important is that the date of the recent low, January 6^th (2023) red vectors 214 blue.

TSLA is gapping up this morning, trading to 214.

Will  Time/Price square-out with the date of the low prove to be an Exhaustion Gap prior to a correction?

If TSLA offsets this morning’s up-gap, triggering a short-term Jump The Creek sell signal and then goes on to violate and close below 209, it has likely struck at least a short-term top.

A daily TSLA shows that TSLA is backtesting the break of a Leading Diagonal.

It also indicates that clearing 214 opens the door to 226 which as offered above is opposite the 101.80 low.

This pattern underpins the idea that a reversal may be on deck.

Breakage back below 209 opens the door to a pullback to the rising trend line at 180.