timwest

Tesla Motors -TSLA -Daily TIME AT MODE ANALYSIS

NASDAQ:TSLA   TESLA MTRS INC
819 7 10
TIME AT A MODE ANALYSIS

1. Start trend from a major low
2. Count Max Days at One-Price Level
3. Once detach from Max-Level (Mode), Count days until time expires.
4. Measure the price range while the market is at the mode and project up.
5. Wait for a new mode to build.
6. Wait for a range completely above the mode.
7. Trade the next upwave.

For now the time for the recent rally expired and it's time to watch and wait for a new mode to build here around the $240-$265 area to the tune of 15-20 days at one price. Look for CCI to reach -100 for low-risk entries.
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with you on that.
+1 Reply
mokcpat
2 years ago
Okay now I fully understand. This is almost like magic
+1 Reply
aryahi29 PRO
2 years ago
educative ! thank you
+1 Reply
mazdaki PRO
2 years ago
Tim, Lets take a different look at the stock chart. Why don't you see this as a double top?
Reply
timwest PRO mazdaki
2 years ago
mazdaki, Good question about a double-top. I am open to that possibility, but I would need to see the trend indicator show more signs of trouble. For now, it has been a solid advance that is grinding away at the short sellers who have a large position and not much in the way of bad news to try to press their bearish bets. So, for a double-top, I'd also want to see more weakness and volume expanding on down-days, etc. If I step the analysis up to the weekly or monthly level, maybe there will be some additional insights there. Lastly, I would also look for relative strength to start to break down for this to be a major top. Thanks for the question.
Reply
timwest PRO
2 years ago
https://www.youtube.com/watch?v=5OnxEp7tITw I made a video to walk you through this charting methodology.
+2 Reply
IvanLabrie TOP timwest
2 years ago
Amazing, thanks.
+1 Reply
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