As you can see here, we are forming a pattern on the 4 hour chart of tesla. We will have to see if it breaksout or rejects the top trendline tomorrow. I would wait and watch on the 5 minute timeframe.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Tesla / TSLA continues to trade inside the Channel Up that was initiated at the start of the year. The 1day RSI is neutral so despite the presence of the Channel's bottom, we can see a break either way. Buy only if the price closes over the Falling Resistance, which was what initiated the June / July rally last time. The longer the Falling Resistance doesn't...
So most of my trading is done on my own stream during the day, where price opening tells me MOST of what I need to know about the stock going forward and we have straight forward rules for that. Currently we are still trying to break a WEEKLY downtrend, and battling to resume a lower time frame uptrend. Have a great trading week!
As of today, Tesla (TSLA) exhibits strong technical bullish signals. The stock has consistently formed higher highs and higher lows, indicating an uptrend. Key moving averages, like the 50-day and 200-day, are trending positively. Relative Strength Index (RSI) suggests momentum. TSLA appears poised for further gains.
As a industrial metal When the economy slows the price of copper nosedives as we saw last summer when that neckline was breached Can we see the same again? sure But electric cars??? What of Tesla . Rivian, BYD makes you wonder, hey?
Yes, I'm already short TESLA. And I want to load my boat even more. Here's why: 1. The grey up-sloping Pendulum Fork produces a big HAGOPIAN. 2. Price get's knocked on the head, every time it trades into the Sellers Zone. (Sellers are still there). 3. Red down-sloping Fork: Price got rejected at the U-MLH. That's it? Yes, that's it. If you want the very...
Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00. ## If you like our free content follow our...
Based on analysis of Price Action and Volume together, we can see that current volume is trending higher while the Price has Red TrapZone formed. Therefore there is NO VALID Trade Bias. Price action analysis is performed by TrapZone Pro. I published a "Volume Only" analysis using the Unusual Market Volume Detector as well to form a contrast. Price action only...
TESLA is about to make a new high expected top 26 October 2023 target is 288$ for a share
1. First buy signal with supertrend indicator 2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S ) 3. Second gap to fill (Wall Street dropped the stock after last earnings/results) Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too...
Today, I would like to draw your attention to an intriguing market trend that has caught the attention of many investors - the outperformance of RIVN stock compared to TSLA, despite RIVN's ongoing cash burn. While this phenomenon may raise eyebrows, it is essential to approach it with a cautious and analytical mindset. Let's delve into the reasons behind this...
Bulls stepped up and bought the initial dip in XLK If this market is to have nay chance at a rally, tech will need to participate. So far we now have a weekly Dojo candle that allows us to trade against. If a retrace lower occurs next week I anticipate buyers to step up unless Yields or the dollar have a significant move to the upside.
The sentiment turned bearish. Fear crept into the market. Rightly so..with the Dollar & yields! If this pattern holds and plays out it would be epic.
Now, I know what you might be thinking. TSLA has been quite the rollercoaster ride, with its stock price soaring to astronomical heights and then experiencing some sharp declines. But let's not forget the incredible achievements and disruptive innovations that Tesla has brought to the table. From electric vehicles to renewable energy solutions, this company has...
The bounce back to the Warning-Line seems to create another short. Unfortunately there is no structure to hide behind. Maybe this is a play for a Options Strategy, rather than a raw short?