TSLA Triple Top Short
Identifies triple-top formations on TSLA intraday charts where price touches a resistance level three times without breaking through. Uses VWAP and RSI divergence for confirmation before entering short positions.
📡 Current Signal
Market closed. No triple-top pattern detected in last session.
📊 Indicators
🧪 Backtest Results
| Period | Jun 2022 – Dec 2024 |
| Win Rate | 56% |
| Profit Factor | 1.38×🔒 Premium |
| Max Drawdown | -7.1%🔒 Premium |
| Total Trades | 145🔒 Premium |
📐 Methodology
## TSLA Triple Top Short — Full Methodology
### Pattern Recognition
1. **Resistance identification:** Scan for price levels touched 3× within a 2-hour window with < 0.3% deviation
2. **VWAP confirmation:** Price must be at or above VWAP on the third touch
3. **RSI divergence:** RSI(14) on 5-min bars must show lower highs while price makes equal highs
### Entry Criteria
- Enter short on the third rejection candle close below the resistance level
- Confirmation: volume on rejection bar > 20-bar average
### Exit Rules
- **Profit target:** VWAP or next support level (whichever is closer)
- **Stop loss:** 0.5% above the resistance level
- **Time stop:** Close at 3:45 PM ET
### Position Sizing
- Risk 0.5% of portfolio per trade
- Max 2 trades per day on this strategy
### Backtest Notes
Tested on TSLA 5-minute bars from Jun 2022 to Dec 2024. Pattern detection is algorithmic — parameters for "triple touch" (3 touches, 0.3% tolerance, 2-hour window) were chosen from classical chart pattern literature. Commission and slippage included.
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🏷️ Tags
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