reviewing the 2hr time frame I have a Bull Flag set up with a price target of $200.00
there is a bullish cypher set up w/ price action currently near B leg, which is currently acting as resistances. I anticipate price action to return to C leg of the bullish cypher which I have at $200.00
I've already done a weekly Technical Analysis on Tesla with a projection of $310.00, the $200.00 price target is for short term trading, but this is also a good entry point for a long term hold.
On the weekly chart, there is a Cup/handle pattern that needs to breakout above $215.. See below the weekly chart for $tsla
there is a bullish cypher set up w/ price action currently near B leg, which is currently acting as resistances. I anticipate price action to return to C leg of the bullish cypher which I have at $200.00
I've already done a weekly Technical Analysis on Tesla with a projection of $310.00, the $200.00 price target is for short term trading, but this is also a good entry point for a long term hold.
On the weekly chart, there is a Cup/handle pattern that needs to breakout above $215.. See below the weekly chart for $tsla
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here is the weekly view of my $310, its live
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so there is two strategies you have the long term trade to $310 (weekly)
and you have the short term trade for $200 aka swing trade (2hr)
and you have the short term trade for $200 aka swing trade (2hr)
Comment:
beautiful breakout
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beautiful intraday chart by the AD
Trade closed: target reached:
close enough
Trade active:
it just hit me, we're approaching this scenario again $180 to a $200 retest.
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focus on this 2hr chart
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the D leg of the bearish cypher to B leg (165) held as support. In fact the B leg was placed at the .236 fib level. Notice how the Green Support line is pushing up through key fib levels. Each level is a spike level . I'm looking for $186 next week at minimum and retest C leg of the Bearish abcd pattern. Tesla needs to close over 186.4 sometime next week (would be very bullish) and then have the green support crossing over the .618 fib level.
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above my target price. Now I wonder if we see a close at the 186.50, near the .50 fib level. I could take profits here. but still looks bullish. Especially on the 3hr chart. Support still moving through key fib levels
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now on to the 4hr chart. If we see 191 into the close i'll take profits for sure and look for a dip
Trade closed: target reached:
nah cash me boss, i'll get another dip... $3 bucks above my target..
