This can be an opportunity for equity long-term investors to get involved in TESLA Stock . I personally I'm about to buy few shares During the week after more confirmations
Buying dips is not easy! We look forward to reading the responses below. Thanks for asking this question to the community and it's been featured in Editors' Picks. Let's see what happens...
@TradingView, thanks for making it a opportunity for us to look at
GreenfieldAnalysis
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Nice question!
GreenfieldAnalysis
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@GreenfieldAnalysis, I don't trade Tesla, but this is a great question, so I will try to answer this question with everyone. I don't have any shares of Tesla. If I think $563 is a confirmed bottom in leg B of the Elliott Wave Theory. I might consider buying into Tesla, but I will be very careful because I know the bears are still in control. I will watch very closely and have a very tight stop at $538 because I know that if Telsa cannot hold that price then a potential Leg C will hit the stock price to another low. I will also expect resistance at $650 and $700. Resistance at $650 if peak #2 is lower than peak #1. Resistance at $700 if peak #2 is higher than peak #1.
This is a guess is based on a related article:
BobbyMorgan
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@GreenfieldAnalysis, how did you get so good at reading charts? where should i start?
GreenfieldAnalysis
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@BobbyMorgan, thank you, but I am still learning. we are learning together.
raoultesla
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@GreenfieldAnalysis,
Why not show the link to the 'related article' to offer others learning material to read?
GreenfieldAnalysis
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@raoultesla, I am sorry. What do you mean? The guess was done with the Elliott Wave Theory and I provided the link above already. If you click on the image, it will take you to the article on the Elliott Wave Theory.
Marcel_Guest
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@GreenfieldAnalysis, Thank you for clarifying! To be honest, I've used Tradingview a couple of months myself now. But I, too, was of the impression it was just a simple tradingview graphic that would get bigger when I click on it (and I could already read/see everything without having to click and presumably enlarge it, so I didn't click).
Never stumbled upon a linked article elsewhere (am not that often in the ideas area, tho) and gotta say: it is not obvious that there is an article behind this, it's displayed just like any normal tradingview chart layout. So thank you for the somewhat nit-picky explanation because even though I wasn't questioning/searching for an article I just learned something new!