4xForecaster

Occult Geometries Suggest Probable Buyoancy | $TLSA #tsla #tesla

NASDAQ:TSLA   TESLA INC
2392 53 16
Re: TSLA            

Following is a quick analysis offered in a personal inquiry; I was asked that it be shared in TradingView.com. I thank my friend for his trust and recommendation.

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Here is the 60-min. chart, which is revealing important technical developments:

snapshot

1 - A positive divergence in RSI has built a solid floor, interdicting or imposing a very-high resistance right at 183.84 - not sure what happened there fundamentally, but this will be one hard floor to crack.

2 - A 1.272 Fibonacci extension is the shallowest acceptable counter-trend value to consider any aggressively counter-directional market. Here, it did that right at that aforementioned positive RSI divergence ... Again, a very fast turn-around built at a very solid buttressed value of 183.84

3 - A nascent bullish channel is forming. This remains to be further elucidated by added validation levels, but that channel might perhaps belong to a "momental line" which are part of the occult and weird behavior in the market I have discovered. (see how the translated upper channel boundary maintains angular relevance in this window ... Very important feature suggesting a maximal rate of acceeration, much like a car has a maximal speed based on its intrinsec mechanics. Each stock submits to the same mechanical "terminal velocity" over time, hence the momentum allusion.

Right now, the precocious targets are as featured, namely:

1 - TG-1 = 256.10 - 27 FEB 2015

and

2 - TG-Hi = 283.70 - 27 FEB 2015.

OVERALL: The M5/M15 chart shows a retail-level analysis that often falls to higher-weighed players in terms of financial responding.

If 225. 44             is breached to the upside while price remains in the (still speculative) bullish channel , then the targets are likely to be part of a larger Elliott Wave Flat pattern with added upside.

David
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PS: I do not hold any position in TSLA             .


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor
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Comment: 21 JUN 2016 - Chart Update:

#Tesla hit both targets, defined in February 2015, and as per expected from a qualitative target (i.e.: TG-Hi or TG-Lo), it acted as a level of reversal, rather than a mere retracement level:

snapshot


At this point, price has moved in a consolidation pattern, if looking at a much higher timeframe (i.e.: Weekly), which is where the next analysis will originate.

Best,

David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Comment: 21 JUN 2016 - ADDENDUM - $TSLA/Weekly Chart:

snapshot


David Alcindor
Comment: 22 JUN 2016 - Chart Update / Tech-Note:

Price fell in the direction of forecast pathway in this WEEKLY chart since forecast emitted yesterday (PURPLE arrow):

snapshot


Expect this large consolidation pattern to shake up the slippery hands, however, this presumed 5-point pattern should carry bulls to higher highs once completed.

Best,

David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Comment: 24 JUN 2016 - Chart Update / Tech-Note:

Per Predictive/Forecasting Model, price fell along the dashed arrow forecast line - Still expecting a limited decline, with probable support in the 175.00 vicinity:

snapshot


Watch for a dominant geometry in the background, likely to fashion price action into its generalized outline.

Best,

David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Comment: 29 AUG 2016 - Chart Update /Tech-Note:

snapshot


Predictive risk pathway (dashed curved line) remains unchanged. Expecting a 5-point geometry to develop over the following months - Expect a continued 3-3-3-3-3 pattern.

CROW Code students, you should be able to discern a probable 3rd element out of five developing - albeit still speculative - in CROW-Body. Signal service released only when pertinent, using CROW Code method - Expecting Point-E to rest on 3 probable target. Obviously, this is a WEEKLY chart, so there remains plenty of time ahead.

Regards,

David Alcindor
CMT Affiliate #227974
Alias: 4xForecaster
Comment: 01 SEP 2016 - Chart Update / Tech-Note:

Price continues to fall as forecast. Look for probable support and possible reversal at 175.00 level:
snapshot


Regards,

David Alcindor
CMT Affiliate #227974
Alias: @4xForecaster
CROW Signal Provider
CROW Code Course Instructor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Given the 5 stage action, at what price levels are you seeing a good buy?
Reply
22 JAN 2016 - Chart Update:

Price did reverse from 283.70 to 222.00 as forecast:
snapshot


At this point, I would look at the higher timeframes for a better appreciation of the field - Here is a DAILY look at a probable flag development:
snapshot



David Alcindor

+1 Reply
21 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$TSLA continues to roll toward 222.00 as forecast; Mulls 190.995 floor; Bears at wheel:

snapshot


#tsla #tesla #teslamotors
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David Alcindor
+1 Reply
devlspawn 4xForecaster
Curious if you have any current thoughts on TSLA
Reply
11 AUG 2015 - UPDAT:

From Twitter/LinkedIn:
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$TSLA moving down #fibonacci scale: 38.2-check, 0.50-check ... Still intent on bearish target @ 222:

snapshot


#tsla #tesla
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snapshot



David Alcindor
+3 Reply
bitsunrise 4xForecaster
Hi David, do you see any major bullish retrace before the 222/218 target? Thanks!
+1 Reply
Hello @bitsunrise - Yes, there is a fair probability that a relief rally could occur against the dominant bearish swing, up to 250 - This would build a reciprocal ab = cd geometry and maintain price on tract to the vicinity of forecast targets.


David Alcindor
+1 Reply
bitsunrise 4xForecaster
Ok, I'll be following it closely. Thanks a lot David, much appreciated!
+1 Reply
08 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$TSLA fell towards forecast target; Bullish entrenchment expected at defined level:

snapshot


#TSLA #tsla #teslamotors
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snapshot



David Alcindor
+2 Reply
03 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$TSLA mulls submission to 0.618 #fibonacci; Bearish entrenchment cap rests near 280:

snapshot


#tsla #tesla #teslamotors
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snapshot



David Alcindor
+2 Reply
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