Will Tesla stock pull back BEFORE $400?

Tesla's Down 2 and a half% today and no the sky is not falling right I see so many people who are now so worried the Tesla's going to pullback and what I want to do in this video is talk to you guys about why number one we're not worried we're still very bullish we'll talk a bit about the psychology behind that you know with my 9 years of trading what I've seen with this type of setup and then more importantly I want to talk about the monthly chart and the bigger time frame that's occurring here

and you guys know that when it comes to Trading one of the things that big money focuses on heavily is conditioning people to do something specific you guys know that if we look at how price action's been trading for Tesla for the basically the past year and a half every single time price moves up into this 280 level it was an optimal short and so what they expect people to do and what they teach retail to do is that every single time price comes up into this level go ahead and short it every single time

it comes back up go ahead and short it and now they have retail ready to come in ready to short this thing and expecting it to pull back you have the Bulls who are also sitting here in retail saying you know what I'm not going to overpay for Tesla I'm not going to go through and buy calls right now for the next couple of years or buy shares for the next couple of years I'm going to wait for a pullback to 240 or 220 and hey that would be ideal but one of the things that

I've noticed within my 9 years of doing this is that when the repricing happens when the big breakout occurs normally they're not going to give you the time of day day to get back in at a lower price you have to understand we've had a massive compression that's been happening here on Tesla and for the past couple of months all of the smart money which is us and I don't say that egotistically I'm just saying that because we have been tracking this to Perfection since about May and June we've been focusing on getting in Tesla

somewhere around 180 190 170 when we started to see bullish accumulation on the weekly chart back here in April and May if we Zoom back out to the monthly chart you'll notice that this would have been the most optimal time to get in but between these highs of about 280 and about 150 institutions have been building massive positions Within These levels now that we're over this institutional level and more importantly once we break over $280 there will be nothing stopping Tesla from running back up to $400 because all of these buyers have been building positions

for a very long time the people who can actually move the market have been buying positions for a very long time and so that's why I think there's a small chance maybe about 35 to 40% that Tesla will pull back to 220 or or maybe even 230 I think best case will'll see maybe 240 but even then there's serious buying behind this on the monthly guys this is why I held my Tesla calls even though I thought we were going to pull back to 200 as you guys know going into earnings I was expecting price

to pull back to 200 I was holding some capital in case it came back down to 200 I was going to average down on my calls but everyone was asking me why are you not selling why don't you just sell and wait for it to give back to 200 because what if it doesn't and that's the thing there's a good chance that it just doesn't occur which is why for me that's all I can talk about is that I'd rather have most of my capital in that trade save some money in case it comes back

down but in most cases like this it doesn't look like that's going to occur right if we look at the last time Tesla had a massive breakout back here in a April of 2020 price ran 300% in 124 days and there was no pullback and then price ran 90% in 90 days and there was no pullback and then price ran 78% within 122 days and there was no pullback and so I need you to understand that when a stock really goes on a massive run even like Nvidia sometimes most of the time there's no massive

pullback if you want to learn more about all of the indicators that you see in this video as well as the proprietary settings in the step-by-step trading system that I've built you can take all of our courses completely free with the link in the description