According to my chart analysis ,Tesla TSLA show strong signal to sell .
Price have broken the channel ( Support ) some recovery from here is expected till about 146.00 area and then a drop - lower low till about 90s. Over all trend is still to the down side. Shorts in play, any rise is shorting opportunity for now. Hit like & follow for more updates ;)
TSLA has been a great play to the downside. With our reward vs risk ratio being the most important part of our trading strategy, we look to jump back in with a 2.84.
The stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
TSLA is in a major downtrend, if we break through to 109 it's clear to 65.92. SHORT
will we see $108 before the year over if TSLA don't hold this level it's over $108 here we come
TSLA1D Resistance is not at $214-$218 TSLA must stay above trendline to make a trend reversal We will wait until there is a buy signal / trend reversal Cheers
Oversold Rsi on daily always resulted in a 10%+ bounce. Support at 136 + downtrend support line. It always bounced on low rsi + touch of the trendline.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
If you didn't short Tesla at $386 then I don't know what you were busy doing! Easiest short ever with PE @ 1396.86! Buy again when PE gets below 50!
Sell it. It's painfully obvious. Don't know if we'll get the chance to short but short $180 if it bounces. Could only get to $167.5 or just continue straight down. Sell now if holding any spot.
Tesla looks to play out double top Pattern. $150 area first bounce $134 area area is target move
I have mentioned all the technical tools which are indicating a strong bias towards selling the stock.
TSLA 1H support is at ~$186 Enter 50% at the current price and try to set some BUY orders near the support zone If TSLA stays above the trendline, the Take-Profit target would be 5%, 10%, and 15% from your entry Cheers
Immediate BEARISH IDEA : Distribution Pattern Look for drop then *UT to 198-200 area then failure with bearish divergence confirmation on RSI & MACD Close below 178 cancels inverse H&S pattern to fill gap at 170 (we may find support at 173 for false rally and rejection at 178 Bullish then Fail set-up - Push up to 208-213 to grab liquidity then major rejection...
Not much to say here about TSLA but negative. It is possible we can push to $207, but I don't think we reach that. I believe we are close to the top of TSLA's rally and should continue to decline.
$TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 261 which it left open in September 2022. This setup is identified in the previous post using the 2D time-frame and it is also appearing on the 3D time-frame. The weekly setup was triggered the...