3 highs and 3 lows triangle, squeezing into a low volatility funnel. Imminent breakout confirmed.
Increase in volume confirmed.
Overall market sentiment - good. SPX at ATH.
Not an ideal RRR, but you can lower the stop and increase your size - personal preference.
Hold open till last target at 1000$. I would say probability around 66%.
Tesla recently broke out of the $690 resistance and there is a large sell wall at $750. Take profit area is first at $740 then $750. There is also a short opportunity here if Tesla breaks to the downside. Watch for a $709 downward break to go short. Volume has slowed down in recent days and plenty of catalysts coming tomorrow (Jobs, unemployment, anything Musk...
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If price makes the news, and not the other way around - then around August 12th, 2021 seems like the right time to release some company specific breaking news.
In TSLA's case, we have a ~6 month wedge forming that converges on 8/12/21.
Price is currently coiling in a tight range, and will need to resolve itself directionally within 2 weeks.
Look for signs of...
Hello traders and investors!
Today we are considering the idea that Tesla (TSLA) can reach a target between $1,400 and $2,600.
As far as I can see we are in a corrective structure. I consider it as a simple (and relatively) shallow zigzag to complete primary wave 4 and "follow" the guideline of alternation with primary 2 (complex and deep WXY correction). If...
I AM BACK WITH MY SIGNATURE PATTERN OF FLAG AND POLE THIS TIME ON EVERYONES FAV STOCK.
CLASIC PATTERN ON A WEEKLY TIME FRAME WITH BREAKOUT/DOWN ROUND THE CORNER BY JULY END.
UPSIDE MAKES SENSE WITH TARGET BEING PREVIOUS RESISTENCE OF 860-900
DO LEAVE A LIKE AND A LINE IF YOU AGREE
Nice move today. Once it closes above 670, retest of 690 possible. Since June, many attempts made to close above 690. If it does close above, can test 720, 745 or even 775 level. To see continued upside momentum, must hold 645, at last 640. Will earnings help?
On the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
Since the major breakout in November of last year, Tesla has been trading in a downward trend. Now we're on the verge of a possible bullish breakout. The price has been forming a triangle structure since the start of this year. As seen in the chart, TSLA has managed to break two resistance levels of the triangle pattern. We even see a re-test of the breakout on...
TSLA has been a trading like fud for the past few months and this was expected after a parabolic move in 2020. The monthly setup shows a high tight monthly darvas setup. The TOSOPTION algorithm on the monthly continues to trade long. If the upper channel of the darvas gets taken out then TSLA moves to 1126 which is our fibonacci 1.272 extension. With earnings...
$TSLA is showing very strong support $600 levels and resistance around $700s. For my options brothers can trade Jade Alligator options strategy. try to trade next weeks expiry for max profit potential,
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-TSLA formed the 135 elliot wave and looks like we're gearing up for the wave 5 which is the next leg up.
-Gap was filled below and bounced perfectly on that .382 fib retracement
-We also have a gap above around 724 - 732 which could be the target
-Waiting for a TTM Squeeze to form on smaller timeframes.
-I'm looking at a month out expiration for options.
Tsla for most of the week has been repeating, sideways and bullish to rejections!
squeeze coming be ready and as for the options trading remember to add stop loss, tsla deals with alot of volatility, if u do not understand ur setup or are nt getting any opportunity wait or do not trade hot stocks like tsla
It will once again a good day for those who will be at the...