$TSLA: Equinox Day - Elliott waves | Gann | Planetary Aspects
Tesla has not moved in alignment with the general market but has been rather leading or lagging at times.
The Elliott count gives us a potential top, if we consider the previous wave as a slightly truncated Wave 5. TSLA is now at the 50-60% retracement (blue box) of the previous wave. If the bearish count (green wave iii) unfolds from here, this is where we should see sellers step in.
The 750 Gann level may provide resistance. Should TSLA consolidate on top of 750 and break the green trend line, then a bullish move towards the next Gann level at 805.9 becomes likely.
TSLA has moved through a series of problematic planetary aspects which gave us the volatility that we expected. On 30 SEP Sun will square natal Sun in a minor aspect.
The FED meetings today and tomorrow may provide further catalyst for volatility and more directional clarity for the stock market in general.
I recommend Steven Van Metre’s coverage on Evergrande on YouTube, as we need to keep an eye on debt default crises because they like to spiral out of control.
______________
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range).
Get a 14 Days Free Trial: www.constellations.trade
Open an account here if you'd like to support my work:
Deribit - Trade Bitcoin option premium decay strategies here:
www.deribit.com/reg-14912.6680
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STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
The Elliott count gives us a potential top, if we consider the previous wave as a slightly truncated Wave 5. TSLA is now at the 50-60% retracement (blue box) of the previous wave. If the bearish count (green wave iii) unfolds from here, this is where we should see sellers step in.
The 750 Gann level may provide resistance. Should TSLA consolidate on top of 750 and break the green trend line, then a bullish move towards the next Gann level at 805.9 becomes likely.
TSLA has moved through a series of problematic planetary aspects which gave us the volatility that we expected. On 30 SEP Sun will square natal Sun in a minor aspect.
The FED meetings today and tomorrow may provide further catalyst for volatility and more directional clarity for the stock market in general.
I recommend Steven Van Metre’s coverage on Evergrande on YouTube, as we need to keep an eye on debt default crises because they like to spiral out of control.
______________
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range).
Get a 14 Days Free Trial: www.constellations.trade
Open an account here if you'd like to support my work:
Deribit - Trade Bitcoin option premium decay strategies here:
www.deribit.com/reg-14912.6680
Binance - 10% off trading fees with this link:
accounts.binanc....me/en/register?ref=LLBB97...
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.