jefftan

TSLA : FREQUENCY SHIFT

BATS:TSLA   TESLA INC
185 11 1
Previously on

15.08. 2013            
TESLA : ALMOST THERE


Projecting the market into the future and you see how price staggered accordingly.

Notice slight frequency change in the purple lines with the light shaded channel.

Overall trend is up.

Wait for opportunity to LONG>
But maybe the uptrend is broken for now?
snapshot


Let me know if you can't see the chart - I'm not sure how this works.

(Also I'm new to technical analysis - if I'm abusing the pitchforks and ABCDs feel to say so! :)
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cryptoyoda cryptoyoda
Sorry about the double post - can't delete it...
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jefftan cryptoyoda
Good job for a newbie. Where are you from if I may ask?
You always have a 51% edge trading with the trend. Here's my chart for you!
https://www.tradingview.com/e/AGPj4XCe/
Reply
cryptoyoda jefftan
Duo xie! I'm from London (originally).

I see what you mean about the long term uptrend, but I'm thinking this downmove was so strong there's likely to be follow through after a corrective rally. On your last chart it looks like that may be starting, and found resistance at your blue ML; I think the follow-through might be strong enough to take out the support right below that. Maybe turning at your lower MLH if that's still in place...

So still a long opportunity, just ,not yet. (Unless you want to catch an upward correction looking at a <1h chart?)
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cryptoyoda jefftan
Hehe - it's looking like you were right!
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cryptoyoda jefftan
Maybe CD leg just came in a bit slower than I expected? Still, if we're in a new fork, it could rebound of ML...
snapshot
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cryptoyoda cryptoyoda
I got lucky; looks like the drop has happened because IB hiked margins on TSLA:
http://www.zerohedge.com/news/2013-10-09/interactive-brokers-sincerely-apologizes-hikes-margins-momo-stocks-once-more
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jefftan cryptoyoda
Good for you mate!
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cryptoyoda jefftan
But then it gapped up! It seems to be following the pink sloping channel you originally drew in for now!
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jefftan cryptoyoda
The pink channel seems control the price for now. I noticed in shift in frequency which I highlighted as an alert to my students.
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