Before we go ahead and get into my tesla short position, i'm up 3 600 profit right now. My market value is 97 000 uh for tesla. There is a slight support level at the moving average on the one hour time frame, but before we do that, just like we do in every single video, let's give away a mouse pad. So if you guys are new to the channel, make sure you subscribe and here's an incentive in every single video i like to give away a mouse pad or a flag from our shop techbuds.com website.

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So let's go ahead and get started into my tesla short uh tesla began to indicate signs of a resistance level at 1200, not very surprised, based off of its last resistance level right around uh 1250 right. So we could see that last time we got rejected a lot of you guys were staying up to date with my tesla short last time. It ended up finding a support level right below a thousand dollars. A share uh, rightfully so right, pushed up then got rejected.

Once again we covered our short there. It became very, very overbought. Once again, we talked to our learn plan profit group about this once it confirmed uh signs of a resistance, and then it began to indicate signs of lower highs and lower lows. I began to short tesla now, on the day up a little bit over 3 600 profit there's another etf that we talked about and it's been sqq and just check this out.

This etf goes up when the nasdaq market goes down, and what has the nasdaq market been doing? It's been going down right, so this is up over 13, since the market has been pulling on back and the reason i'm potentially wanting to continue to short tesla is. If you look at the nasdaq index on the four hour time frame, you can see that from overall highs at 16 1212. It has the potential it's now trading below the ema line, and it's now indicating signs of a potential pullback down to the moving average. Now that shouldn't scare you that you don't need to take into consideration or think that the market's going to crash it's just you know, pullbacks are healthy.

We experienced one about two months ago, a month and a half ago where the market was overbought. It pulled on back, it found its support level at the moving average and then it continued to recover the thing that i love about pullbacks. Is that again, just like black friday right we're all about those deals and i'm anticipating for the market to pull back a little bit and if the market pulls back, especially the nasdaq market, which has a big focus on tech, then that means that tesla can continue To drop on the four hour time frame, we could see that it's still not at the moving average, but it is showing signs of a potential support. So my goal is again: i'm going to keep my my position light.

Excuse me at around 97 000 a share and if it continues to indicate signs of a pullback i'll short and add more to my short position. But if it breaks above a thousand one hundred and ten, i'm gon na have to cover my short position, locking in profit to anticipate a potential bull run. So again, this is a riskier short trade. If you guys have never uh taken a short position, please do not start with tesla.

I actually have a video breaking down my trade completely um and how to short on this youtube channel. If you guys want to learn a little bit more on how to short your first stock for complete beginners, but other than that, i just thought i'd break it down and spice things up for black friday friendly reminder. We are running our biggest sell ever for learn, plan profit 2.0 and when it is that you are ready to join our team, it is a hundred and fifty dollars off the all new learn plan: profit: 2.0. That gives you lifetime access to the a2z video lesson.

Library, that's designed for beginners lifetime access to the daily live trading sessions being able to watch me. Trade live every day and, most importantly, of course, uh lifetime access to the private discord chat so anytime that you have any questions and you're always going to have questions right. Make sure you message me via our private learn plan profit discord chat! So again, that is going to be linked in the description feel free to check it out. Other than that, i hope and wish you guys an amazing black friday, an amazing thanksgiving weekend and, like always, let's make sure that we end the year on a green.

Now. Take it easy team.