Old school technicals
Little Range consolidation here
Expecting upside expansion
Only weakness with this setup is the H1 gap that has been left underneath this consolidation
Too have a higher R can keep stops above it expecting expansion soon
However, if the consolidation low gets deivated, fills that H1 gap, that should be a giga long!...
Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The Tesla stock is at 709.67 and last week was able to reach the first resistance line at 714.08 but couldn't close above it, The market price seems to be moving in a...
Following is a LONG analysis of Tesla Inc coming in for the next few weeks/months. The five-wave Elliott wave series started on June 25th, 2020 around $185 developing a good 5 wave series, here are few confirmations of why I think this is a 5 wave series:
1) Wave 1 started low at $185
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2%...
TSLA algorithm went long on March 31st on the 30 min timeframe around the 613 level and ran up to 668! We were able to catch this wave and made a good profit. We are looking to build position once TSLA Algorithm signals long on the daily timeframe which could have huge move to the upside going into earnings!
The plan is to wait until the TSLA algorithm enters...
Tesla has been tracking the inverse of the 10 year. 10 Year up today, expect Tesla to bounce off upper channel back into the bear channel. Key test at $650 towards the tail end of this month, otherwise bears may finally have their day.
I want 666 entry on the way back up.
As you can see, I think you can get better than that.
I just think 666 is an excellent spot to put in for my last push with TSLA to 1500.
Hopefully something goes really well in my other ventures so I can get this within a week or two.
Goodluck, Happy trading.
TSLA stock is very bullish just after the announcement of its S&P 500 inclusion.
I just found an old similar pattern...
Your comments are welcome.
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed...
Considering i am long and currently hold 13 shares in my portfolio (for disclosure purposes) i have and extra buy zone for Tesla included. Normally I wouldn't sell Tesla and would just recommend buying when it goes down, if you are swing trading these are zones that could be useful. The most optimal buy zone is started at 318 and below. Most likely it is unlikely...
As the most in panic about the panic of selling, will the hodl users win at last.
Tesla are a company with long term vision. and as the new car of 25K coming into the market the stock will increase more, and we should also not forgot the possible list on SP500.
Expecting price recovery back, and still that tesla will hit all time high. ( above 500 +)