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Elliotswave

Tesla - Mutli-timeframe breakdown 🕰 Monthly View Price is respecting a long-term ascending channel. Strong rejections from support confirm bullish momentum. Current wave count suggests we are working through a larger impulsive structure – potential for Wave (3) continuation higher. If momentum holds, upside could target the 450–500 zone in the longer run. 📆 Weekly View Structure shows a 3-wave correction complete (ABC) into demand. Price has tapped weekly demand + liquidity trendline. Currently bouncing, with a breakout potential toward 375–400 (supply zone). Breakout of the wedge pattern would confirm strength and continuation higher. 📅 Daily View Price is reacting off Daily Demand (≈320–325 zone). Strong liquidity resistance trend overhead (≈355–365). If rejections hold and demand stays valid, a bullish breakout setup forms → target near 390–400. Invalidation if we close below 314 (daily demand break). ⏱ 4H View Local liquidity sweep into demand. Bullish scenario: push toward 350–355 short-term. Watch for confirmation: rejection candles + momentum shift needed before entry. 🎯 Bias & Trade Idea Bias: Bullish (buy from demand) Entry Zone: 320–330 (Daily Demand) Targets: Short-term → 355 Mid-term → 390–400 Invalidation: Daily close below 314 ⚠️ Risk Note Tesla is highly volatile. Stick to clear confirmations at demand before entry, and manage risk tightly below invalidation.
NASDAQ:TSLA
by jamesibartram
2
Nas100 Breakdown with Trade Setup🕰 Weekly Structure Price has completed a Wave (3) high and is now transitioning into a corrective Wave (4) phase. The broader market cycle suggests sell-side liquidity is being targeted before any new impulsive leg higher. The EMA structure is still bullish long-term, but retracements are healthy after extended rallies. Key downside zones: 21,985 – 22,135 (mid-support pocket) 16,962 – 16,353 (deeper retracement if correction extends) 📉 Daily Timeframe Current daily candles are rejecting the upper levels after tagging swing-high liquidity. Price is consolidating near the swing range support line (~22,700–23,200). Buyers are defending the level marked by the green triangle, aligning with a previous Wave (3) pivot. If this level holds, we may see a relief rally targeting 23,800–24,200 before deciding the next move. ⏱ 1H Short-Term View Price recently tapped into sell-side liquidity (SSS) and bounced from the 71% fib retracement + demand zone. A change of character (ChoCH) is visible from the highlighted yellow candle, indicating buyers are stepping in. Expect a possible bullish leg toward 23,800 – 24,000 if higher-low structure confirms. If 23,200 fails, downside liquidity sits at 23,000 → 22,700. 🎯 Trade Plan Bias: Short-term bullish relief rally inside larger corrective Wave (4). Entry Zone: 23,200 – 23,400 demand retest. Target 1: 23,800 (SS liquidity pocket) Target 2: 24,000–24,200 (daily resistance) Invalidation: Sustained close below 23,000 → opens path to 22,200. 📌 Summary NAS100 looks corrective after a strong multi-month bullish wave. Near-term, liquidity sweep setups favor a bounce into 23,800+ as long as 23,000 holds. Medium-term, Wave (4) correction could extend deeper into 22k–20k levels before the next major bullish wave.
OANDA:NAS100USDLong
by jamesibartram