Massive bearish Head AND Shoulder formation with a crack below neckline. length of head to neckline = projected drop to downside. Technical Price Target of around $13.95.
After breaking out of a massive bull flag, the recent rise is projected to hit a short term technical PT of $385. Remember, length of the Bull Flag pole = Project rise.
There is a long term rising channel forming, based on technical price target, we see a high of the channel at around $3,230, middle of channel of around $1,050, and low of the channel of around $350 by January 2025.
Heading lower, there is a gap at $4.75, Sell and short on any local rally.
The downward channel I still intact, lower highs lower lows still playing out with many bearish flags setting up. There is a major gap at around $4.74 that needs to be filled.
TSLA looks like it has hit a Double Top on the daily chart, this is a bearish indicator. Stock is currently still trading in consolidation.
This is a weekly chart of Tesla setting up with a very bullish F Flag. I applied an Elliot Wave on top which shows that its 2nd Wave is completed with ABC local waves also completed. This marks the start of a 3rd wave which is also the longest wave.
Nio has finally setup a nice BEARISH F FLAG. Watch for a break below the flag. Short at the break and follow thru with a new leg extension. There is a gap that needs to be filled at $4.78
Nio is in a dangerous zone, it recently broke down its bearish f flag. the stock has been in a downward channel with many bearish flags continuing to play out, a new leg has been created. the target now is the leg of the previous leg of the previous flag. there is also a support from 2019 which also correlated to the price target of $3.88. continue to short from here.
Nio stock broke the support line and bearish flag and is heading lower. First target is at a gap that hasn't been filled at $4.75
Nio has formed a major bearish head and shoulder pattern. The neckline has also been compromised signaling further downside. Price Target is the length of the head to the neckline, thus equating to a price objective to about $5 for the first target. There is a Also a gap at the 4.88 level too.
Nio has undergone multiple Bearish flag setups and is now also formed another bear flag for a potential leg down to the $5 range. This could drop down to as low as $1 support.
As you can see, a mountain top has been formed with a base at the $5 to $1.50 range which will be the price target. It will take sometime but heading there as it is still forming the bottom of the mountain. It also rejected and could not get over the downward channel (right side of mountain).
A major bear flag is setting up, with decreasing volume and bearish divergence on the stoch rsi. Also a gap that needs to be filled at around $5
This is a super rare potential setup I am seeing. 3 stacked Inverse Head and Shoulder
A Bearish F Flag is setting up for a leg down to potentially fill the gap at around $8.
Looks like a Bullish F Flag is setting up, an Inverted Cup and Handle, and a new set of Elliot Wave about to start.
Two sets of Elliot Wave 1-5 have been completed. That paves way for a new set of Elliot Wave going out of a major bull flag.