Support Case:
I've spotted a reverse head and shoulders indicating a reversal to the upside (bullish) up into the region of 212-206. Additionally there's a zone below the left shoulder at 178 down to 162 where Tesla has bounced from previously. So pretty good support from what I can see.
Bullish Breakout Potential:
I've drawn a symmetrical triangle from the...
Tesla might goes back to 630$. This is my longshot view on tesla stocks.
This idea base on the previous parabolic moves, but most likely it will break the previous high, the definition of Pre-supply being dump before since 101.8$, if you're a Volume trading then look on the previous, price automatically reacts to it.
The longshot means its for swing stocks...
This trading strategy capitalizes on the inverse head and shoulders pattern, a chart formation that often signals a reversal of a downtrend. By identifying the left shoulder, head, and right shoulder, traders can anticipate a potential bullish breakout. This approach waits for the price to breach the neckline, confirming the pattern before executing a buy...
Market Observations: #TSLA has experienced downward pressure as evidenced by the distinct pattern of lower highs/lows on the daily chart, signaling a clear downtrend. A significant price gap exists above the current trading range. This setup suggests a potential stop run above the range to clear liquidity, providing an opportunity for larger institutions to fill...
TSLA Stock: Navigating Critical Support Amidst Growing Concerns
Tesla Inc. (TSLA), once the darling of Wall Street and a symbol of disruptive innovation in the automotive industry, finds itself at a critical juncture as it grapples with mounting pressure from investors and market dynamics. With the stock facing significant headwinds, analysts are closely eyeing...
After today's price action, it is clear that investors are at disarray and uncertain for the future of Tesla. Here I will detail my analysis of today 1/25, and my predictions for tomorrow 1/26.
In the graph, I plotted three possibilities pre-market 1/25 (from previous Idea, "Looking at Possible Dead Cat Bounce Levels"):
Purple line-arrow (Most optimistic): A...
Hello Traders, I'm here with an urgent message: don't miss out on a potential TSLA reversal! EW 2.0 data suggests a major shift might be imminent, and my video dives into the evidence.
Don't hesitate to reach out if you have any questions. I'm happy to help, and I always appreciate a thumbs up if you enjoy videos like this.
I am opening up a long position on NASDAQ:TSLA for the following reasons.
We are in a huge bounce area. On the 4 hour timeframe:
There's a clear trendline forming which we are retesting
Retesting a 4 hour order block
Retesting lower band of Bollinger Bands (Nadaraya smoothed)
Aside from technicals, we have earnings coming up which is our catalyst. This...
According to the Elliott Wave theory, NASDAQ:TSLA has been following a corrective wave pattern (ABC) since its inception, reaching its peak during the 2021 bull run. Currently, NASDAQ:TSLA has completed both wave 1 and wave 2, entering the critical and highly impulsive wave 3 towards the downside of the Elliott Wave sequence. The fundamental outlook for ...
The markets are starting strong this year except for one late bloomer: TESLA! But I thinks it is time for Musk's prodigy to go fourth to new heights. Here's my perspective on things:
What is on the chart?
1) An attractive liquidity level that will be our swing target of $315 (oh no spoiler alert).
2) We have not only a bullish gap but also a bullish weekly FVG...
TSLA is in its downtrend channel but below the main support rising channel, which was tested several times from below - bearish action.
We were looking for an expected volatility move after the earnings of +/-7%. So far the price is down over 7% and still sliding.
Looking for a gap fill next at minimum, which sits at 193.17
NASDAQ:TSLA
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TSLA opened green despite the bearish news and sentiment over the weekend. We have not reached the green support level yet, I think there could be more downside this week. A bounce above support would be bullish, I'm still monitoring for this rebound to turn into a dead cat bounce before a move lower down to ~ $170 over the next few months.
It's not looking too good for NASDAQ:TSLA holders right now. TSLA has 6 rejections off the yellow resistance line and has been dropping rapidly after the most recent rejection. The green trendline ($207.50) is a key support level on the way down, and there is likely to be a dead cat bounce there before further decline. For now, $207.50 is my short term price...
Tesla's stock TSLA bears showed a significant control around the $260/$265 supply area, corresponding to the rejection from the downward-sloping trendline.
The stock seems to have more downward pressures further targeting the $207/$200 demand area.
Bearish beginning of the week looking for 100% of movement 3 of the Elliot wave. It can go down to the 231.16 area at least. Afterwards it can have a slight rise looking for movement 4 to 238.85 minimum to continue falling to 225.51 or more. In general bearish trend during this week with few options to go long.
