
TSLA is now approaching an important "oversold" reading.

The stock is currently 20% under its 50 EMA, which is about where a full reset occurs.
Now there has been a ton of weakness in the markets, and tech specifically, yet many of these names are coming into bigger levels.
Assuming the volatility market doesn't blow out due to a fund being inappropriately positioned, we should have a bounce in store.
Another highlight from the chart:

TSLA is approaching a big liquidity zone. The full point of control is down around 250, and I have a very important zone marked just underneath that at 248.
We are picking a bottom, and that can end up being imprecise, as a fund can just blowout of a position.
That's why we are going to focus on options only, and use a scaling method that takes advantage of the liquidity in the markets.
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