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We're in the 1st corrective wave within the larger cycle's 2nd impulse wave.
Assuming pattern holds, TSLA should hit at least 400 as the next smaller impulse up, and minimum 450 as the destination of the larger 2nd impulse wave, but TBD!
Also recommend JC Parets' Fib TA on TSLA. Even more bullish! ...
There is a trader in my surrounding who prefers to open short positions on every single baerish news Telsa produces in its long storyboard of unwanted failures. To be honest, of course every single negative news offers a big impact since Musk is more and more important on stage which unfortunately puts the marketing above the product and thus the newsflow is ...
Elliot Wave analysis of TSLA stock pt.1, this chart is based solely on technicals and not fundamentals (Besides me noting that Elon is getting euphoric)
It seems we might be in a Expanding flat correction, where B wave goes above A wave by 1.236 - 1.382%, the substructure for this is a bit hard to count since it stopped at 1.618x of the preceding impulse wave, ...
$TSLA tagged the upper limit of a long term bull flag today, has already begun to pull back. Expecting at least a correction back to $332 gap-fill in the very near term. If $332 support does not hold, expect a bounce at the 200d ema line.
Both RSI and MFI looking well overbought. If uptrend somehow continues through this flag line temporarily, there's additional ...
Potential handle forming in the shape of a consolidation equilibrium tightening pattern. Green dotted lines represent support and resistance levels. Green arrows represent long positions ; red arrows represent short position. Green box represent profit taking area based on 1.618 fib ; red box represents profit taking area based on support zones. Rsi can go above ...
1-2-3-4-5 impulse wave showing potential 5th leg coming down. Cup and handle in yellow seen may break bullish for quick short profits. Arrows represent LONG and SHORT positions. Shaded region represent profit taking levels based on 1.618 fib and strong support levels. Dotted lines represent support and resistance levels to use as stop loss (0.05% from initial ...
LONG
Great entry atm for $TSLA, alot of FUD and negative media push to discredit tesla = Great entry points, when major news is creating FUD and price Reacts BUY!
We have great support line at $287 going back to 2014 , lowest price today hitting, $296
MACD has crossed over to the downside and is looking bearish which is our negative indicator
Trend is still ...
I'm holding a long term position in $TSLA that we entered at $250 give or take. On top of this I plan on trading in and out of shorter term margin positions. Here we see that a weekly trend signal is active, following the Shareholder meeting today. It's likely to get some kind of dip in the coming 3 days, so I'd consider using the chance to add margin positions if ...
Bullish Order block can be seen in chart (shaded green) and will likely act as support. The gap down to 291 is expected to be filled, with maximum liquitidy zones being visited before there is a move up once more. Price Action shows that the poer of the current down move is weak and thus a healthy bounce is to be expect from 291 once orders have been picked up in ...
It's hard not to see Tesla's recent dip in price as a classic example of the market following a short term narrative that is a measure of our feelings and reactions instead of a measure of a companies true long term value potential.
So Tesla hit the 5000 units per week that everyone said they wouldn't so the bears/shorts/fossil fuel proponents and general haters ...
