I am looking for potential pivot points near any of the drawings. I marked some examples from the past price action. You can look at this like at a project created by something similar to artificial intelligence. Let's just sit back and wait and see what happens, if any potential signals for pivot points or bounces appear at the shapes. This has been done before in previous ideas that I have provided and the concept is pretty straight forward. Sometimes the price can just follow a shape and not bounce from it, but I consider that to be an interesting occurrence as well.
The purple zone is a zone where no drawings were simulated/required. Marked letters of ABC are potential time zones of interest with interesting events.
The purple zone is a zone where no drawings were simulated/required. Marked letters of ABC are potential time zones of interest with interesting events.
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The price has been mirroring the grey dotted double curve from the inception of this project. It is now entering the drawing zones and the hunt is on for potential pivot points with candlesticks near the shapes. The smiley face is either a price prediction or a time stamp for a special event.
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A very interesting candle at the blue rectangle. As mentioned in the initial idea, I am looking for potential pivot points at the shapes, and this one is a serious contender, but the open for tomorrow is crucial and also, if the low is broken below, there are still 2 more days in the rectangle zone for a potential pivot point.
The green curve support line is just for context. All curves in this snapshot have been made with magnet mode at highs and lows. Notice the white one how it acted as support and it has been followed by the last bull wave before the price dropped. I find these curved support/resistance lines quite interesting sometimes.
The green curve support line is just for context. All curves in this snapshot have been made with magnet mode at highs and lows. Notice the white one how it acted as support and it has been followed by the last bull wave before the price dropped. I find these curved support/resistance lines quite interesting sometimes.
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After the "very interesting candle" a bullish engulfing, from the green support curve, inside the blue rectangle. Unfortunately this would need to go towards 157 for the potential pivot point to be confirmed.
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Pivot point confirmed
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I was afraid that the grey curve might act like a resistance on the up, but eventually this turned out to be a good rectangle and a good pivot point. The red curve was not in the initial idea and might render itself irrelevant, but I left it in this snapshot just in case.
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Marked date tomorrow. Will we see a pivot point?
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A hit on the neutral face icon.
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Potential pivot point at the marked price level. The price might start dancing a little with the shapes in this project.
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Pivot point from last comment confirmed. Decent bounce from the marked price level after retest.
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Two small pivot points near the shapes, but not close enough to consider them as dancing with the project. Interesting bearish candle in this position. Could get interesting with the remaining elements as well.
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Bounce from the double curve.
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If there was any logic in this project regarding the potential future of the market, and a hidden message, then this scenario would be the main candidate. Earnings on 24 January pushing the price higher above the Pyramid.
I see some nice coincidences in the results. The price followed the general path of the sine. The price followed the general direction of the inclination of the ellipses (/in their time zone), we had a hit on the neutral face, an inflection point at the B time stamp, inflection point at the blue rectangle, a bounce from the marked price level. Is there another coincidence left?
I see some nice coincidences in the results. The price followed the general path of the sine. The price followed the general direction of the inclination of the ellipses (/in their time zone), we had a hit on the neutral face, an inflection point at the B time stamp, inflection point at the blue rectangle, a bounce from the marked price level. Is there another coincidence left?
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A bullish candle at the bottom of the bearish wave, above the "no-go zone", but I passed. Not 100% convincing in the current context. We might see further bearish action with or without breaking the current low.
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After the coincidence of the price reaching the triangle at it's intersection with the marked price level right before earnings, I thought to myself that it might be a sign form the gods of trading that this one is heading for a good result. I was wrong. After some bad numbers for Tesla we are faced with another coincidence. Some support found where the price meets the purple big zone (which was projected as a zone of "no go inside". I might regret this one, but I will be staying away from the long from this setup.
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Bulls back in it after the second bounce from the purple "no go" zone... Maybe heading for the blue marked price level.
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What scares me the most in this picture is not that the priced bounced twice from the purple no go zone or that it stopped at the marked blue level which has acted as resistance so far, but the fact that the purple zone stops exactly before earnings, leaving room for the imagination of the scenario that this stock could drop. Scary stuff. Hope it doesn't happen.
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Back at the no go zone with a small pivot. Looks good, although completely lost confidence in the TSLA stock for now. Expecting Elon to be "attacked" from any direction possible so don't know what to expect in the long run from his businesses, but this could get a push at least to 196 short term. Looking forward to see if the purple zone holds AND if the price drops at earning. Could be the other way around to surprise us with a pop, but I am not convinced...
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I wouldn't call this a falling of a cliff scenario (yet), but I had my TP at 155 and I am currently out of this market. Don't know what the future brings for this stock as things don't look good for TSLA especially with that news of 10% layoffs, but the developments inside the triangle at the edge of the purple "no go" zone has been intriguing to say the least...
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We end this alien project with the snapshot that actually looks like the falling off a cliff and a friendly reminder that the earnings report is due and it might not be good and see this one pushed lower.