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Tesla is a prime example of a stock that was setting up for a short due to a variety of reasons, including:
-Bearish daily chart pattern
-Multiple post-earnings bearish gaps
-Frequent bad news
-Softening fundamentals
-Upcoming earnings report and pre-earnings patterns
In this video, I cover these factors, along with how I set up the bearish trade and why. I exited this trade for about a 95% profit on the original debit that I spent to get in, and risked less than $500 overall.
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