TSLA Short Setup – Fading the July 7 Gap Fill 📉
This short idea on TSLA builds off a key gap fill from Monday, July 7, combined with a strong local volume profile and risk-reward alignment on the 15-minute chart.
Entry: $312.76
Stop Loss: $314.81 (above gap resistance and local high)
Target: $299.89 (gap base and volume shelf)
RR: ~6.3R
Why I'm shorting here:
TSLA has just filled the July 7 gap, which often acts as a technical resistance zone on retest.
Price stalled right as it completed the fill — with visible hesitation and selling pressure stepping in.
VRVP shows low liquidity above, suggesting diminished reward for upside continuation.
Below, there's a clean volume shelf around $294–$300 that could attract price if weakness confirms.
Trade Logic:
This is a classic fade-the-gap-fill setup, targeting the lower edge of the volume cluster for a potential bounce or reversal zone.
As always: size accordingly, stick to the stop, and don’t chase if the entry’s already gone.
Thoughts? Anyone else watching this gap level?
This short idea on TSLA builds off a key gap fill from Monday, July 7, combined with a strong local volume profile and risk-reward alignment on the 15-minute chart.
Entry: $312.76
Stop Loss: $314.81 (above gap resistance and local high)
Target: $299.89 (gap base and volume shelf)
RR: ~6.3R
Why I'm shorting here:
TSLA has just filled the July 7 gap, which often acts as a technical resistance zone on retest.
Price stalled right as it completed the fill — with visible hesitation and selling pressure stepping in.
VRVP shows low liquidity above, suggesting diminished reward for upside continuation.
Below, there's a clean volume shelf around $294–$300 that could attract price if weakness confirms.
Trade Logic:
This is a classic fade-the-gap-fill setup, targeting the lower edge of the volume cluster for a potential bounce or reversal zone.
As always: size accordingly, stick to the stop, and don’t chase if the entry’s already gone.
Thoughts? Anyone else watching this gap level?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Founder of SciQua | Strategy. Simulation. Signals.
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.