Tesla's Watermelon Seed Squeeze and My $611 Target Before Shareholder Meeting

TSLA is doing something I absolutely love to see

I’ll be live with Jack Carter at 11:30 AM ET for Market Masters — we’ll cover current trends and trades, actionable opportunities, trading education and more   Popping and Dropping With AMZN and AAPL After the Close   First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter. FOMC came and went with an inline expected rate cut, but we saw some downside action on the potential uncertainty of a December cut. Then MSFT and META took a bath on seemingly good numbers while GOOGL blasts off to the next upside target.  Come join me as we dive in and see what’s moving!  Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.    — — —    Tesla's Watermelon Seed Squeeze and My $611 Target Before Shareholder Meeting Tesla (TSLA) is doing something I absolutely love to see — and it's setting up what could be a powerful move into next week's shareholder meeting. We're looking at what I call the "watermelon seed squeeze double-go pattern." If you've followed my work, you know this is one of those setups that can deliver serious follow-through when it triggers properly. Here's what happened: Tesla made the initial watermelon seed squeeze move with that characteristic volatility, then gave us those progressively smaller bounces — smaller and smaller and smaller.  After that, we broke out, ran the distance, and hit the target. That's phase one. Most traders would've called it done right there. But here's where it gets interesting...  After we hit that target, Tesla consolidated. And now? If we break out again, that's the double-go — the second leg that runs the same distance again.   The Math Points to $611 — Here's How When you measure the initial move and project it forward from the consolidation, the pattern puts us right up at $611. That's not a random number — it's the mathematical extension of the original watermelon seed squeeze distance. My big-picture daily chart pullback target sits at $550, and we're set up to run on up here to about $570 in the near term. Tesla's potentially going to break out and run through that prior high. The performance has been amazing, and the pattern structure is textbook. My Position and the Shareholder Meeting Catalyst I'm managing this setup actively. I have $600 covered calls sold against some Tesla shares. And honestly? It's crazy how much premium is on those calls — that tells you something about the expectations in the options market right now. The timing here isn't accidental. We have the shareholder meeting coming up next week — next Thursday, Nov. 6 at 3 p.m. ET. That's the big show right now, and it's providing a natural catalyst for this technical setup to potentially deliver. The double-go pattern doesn't always play out, but when the structure is this clean and you have a fundamental catalyst lining up with the technical timing? That's when I pay very close attention. Keep your eyes on whether Tesla can push through that prior high. If it does, the road to $611 opens up in a hurry. Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!   Morning Monster Is Starting NOW! I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time! And be sure to hit that Subscribe button on my YouTube page! _____________________________________________________ I Just Issued a Bone-Chilling Market Warning!  With the data pointing to a potential Greater Depression… I recently went on camera to hold an urgent briefing… And to show you how you can prepare your portfolio for what’s coming ASAP.     The crisis unfolding in the charts looks even more alarming than the COVID crash...   Catch My Full Briefing Here _____________________________________________________ Today’s Daily Chart Setup: BlackRock Science and Technology (BSTZ)     This idea came directly from my Daily Chart Setup that automatically signals potential plays.    • BSTZ is a new potential entry. Target: 23.42 Stop below: 20.02 • BSTZ has a historical win rate of 80.0% • BSTZ has a profit factor of 3.941 • BSTZ trades last 67 trading days on average over 5 trades since 2019. See the secret behind these signals here!   This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap line.  2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.  3. Once it touches the line and starts moving back up, that signals an entry.  I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me.  *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.

I’ll be live with Jack Carter at 11:30 AM ET for Market Masters — we’ll cover current trends and trades, actionable opportunities, trading education and more   Popping and Dropping With AMZN and AAPL After the Close   First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter.   FOMC came and went with an inline expected rate cut, but we saw some downside action on the potential uncertainty of a December cut. Then MSFT and META took a bath on seemingly good numbers while GOOGL blasts off to the next upside target.    Come join me as we dive in and see what’s moving!    Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.    — — —    Tesla's Watermelon Seed Squeeze and My $611 Target Before Shareholder Meeting   Tesla (TSLA) is doing something I absolutely love to see — and it's setting up what could be a powerful move into next week's shareholder meeting.   We're looking at what I call the "watermelon seed squeeze double-go pattern." If you've followed my work, you know this is one of those setups that can deliver serious follow-through when it triggers properly.   Here's what happened: Tesla made the initial watermelon seed squeeze move with that characteristic volatility, then gave us those progressively smaller bounces — smaller and smaller and smaller.    After that, we broke out, ran the distance, and hit the target. That's phase one. Most traders would've called it done right there.   But here's where it gets interesting...    After we hit that target, Tesla consolidated. And now? If we break out again, that's the double-go — the second leg that runs the same distance again.   The Math Points to $611 — Here's How   When you measure the initial move and project it forward from the consolidation, the pattern puts us right up at $611. That's not a random number — it's the mathematical extension of the original watermelon seed squeeze distance.   My big-picture daily chart pullback target sits at $550, and we're set up to run on up here to about $570 in the near term. Tesla's potentially going to break out and run through that prior high.   The performance has been amazing, and the pattern structure is textbook.   My Position and the Shareholder Meeting Catalyst   I'm managing this setup actively. I have $600 covered calls sold against some Tesla shares. And honestly? It's crazy how much premium is on those calls — that tells you something about the expectations in the options market right now.   The timing here isn't accidental. We have the shareholder meeting coming up next week — next Thursday, Nov. 6 at 3 p.m. ET. That's the big show right now, and it's providing a natural catalyst for this technical setup to potentially deliver.   The double-go pattern doesn't always play out, but when the structure is this clean and you have a fundamental catalyst lining up with the technical timing? That's when I pay very close attention.   Keep your eyes on whether Tesla can push through that prior high. If it does, the road to $611 opens up in a hurry.   Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!   Morning Monster Is Starting NOW! I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!   And be sure to hit that Subscribe button on my YouTube page! _____________________________________________________ I Just Issued a Bone-Chilling Market Warning!   With the data pointing to a potential Greater Depression… I recently went on camera to hold an urgent briefing…   And to show you how you can prepare your portfolio for what’s coming ASAP.   The crisis unfolding in the charts looks even more alarming than the COVID crash...   Catch My Full Briefing Here _____________________________________________________ Today’s Daily Chart Setup: BlackRock Science and Technology (BSTZ)     This idea came directly from my Daily Chart Setup that automatically signals potential plays.    BSTZ is a new potential entry. Target: 23.42 Stop below: 20.02 BSTZ has a historical win rate of 80.0% BSTZ has a profit factor of 3.941 BSTZ trades last 67 trading days on average over 5 trades since 2019. See the secret behind these signals here!     This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.   How the Daily Chart Setup Works   Here’s a more detailed description of how the pattern triggers:   1. The price breaks upward through the orange Market Roadmap line.    2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.    3. Once it touches the line and starts moving back up, that signals an entry.    I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!   You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading   I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!   Please check out my channel and hit that Subscribe button!   I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.   I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me.    *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

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