Tesla’s Pivot: Getting Ready For a Bullish Wave Tesla is testing a very strong support zone which corresponds also to Harmonic Pattern zone. This could be the perfect time for Tesla to resume the bullish trend again. During the last 4 months the price decreased by nearly -48% and this could be also a strong reason for the buyers to join the party again. You...
Continuing our discussion on trading chart patterns, this is our next tutorial after Trading Converging Chart Patterns This tutorial is based on our earlier articles on pattern identification and classification. Algorithmic Identification of Chart Patterns Flag and Pennant Chart Patterns In this tutorial, we concentrate on diverging patterns and how to...
On the above 2 week chart price action has printed two significant macro indications: 1) Broken market structure, failed support. 2) A lower high, trend reversal. Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend...
I have clearly explained TESLAs price action. Let me know if you have any questions.I dont see any buying opportunity in it currently. NOTE: TESLA SHOULD BE AVOIDED FOR LONGS
Hello Traders and Investors, today I will take a look at Tesla . -------- Explanation of my video analysis: After the triangle breakout and the bullish break and retest on Tesla stock back in 2020, we saw a significant rally of 1.500% towards the upside. For 3 years Tesla has now been trading in a decent bullish flag formation and just broke an important...
News quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and...
Chart has all 10. Hope this helps. Hope it's simple to understand if you still struggle with indicators. Remember, no one indicator is good on its own. Think of an indicator as a sign that you should pay attention to a possibility. For example, if I go to the ocean, maybe I have an indicator that says you're closer to sharks than in the great lakes, will I be...
hello guys... I published before this analysis: I believe the target of the short position was 127$! but now the price made a three-drive pattern and showed us a manipulated area! I think if the price comes higher than 185$ it will mean the correction is done! let's see what happens! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you...
Here we are charting NASDAQ:TSLA May/August corrective breakout cycle. Like clock work, TSLA will reach a low in May and proceed to accumulate to a massive breakout by, very near to or before August. These breakouts are massive and can yield substantial gains for the patient investor. In addition TSLA is displaying a classic corrective pattern which can be...
I assume TSLA go up to $205 in May. Big XWZ movement is completed.
Time for a new updated chart in TSLA. TSLA has now formed a MEGA Bearish structure. While we are not near a Key area at the moment. The initial formation does not look good for the Bulls going forward. At this point, it would take a lot of effort (buying) to change the message of the market in this chart. While anything is possible it does not appear likely at...
NASDAQ:TSLA looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so. NASDAQ:TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the...
Tesla might be a good buy. I must be honest, I didn't doo too much due diligence. All I know is that electric cars from other manufacturers aren't what they claim to be, and I also know that TSLA p/e ratio is at a historic low, and at the same time earnings are growing. Part of my investment in this stock is the fact that P/E ratio can be pushed waaay waay...
➖ The current move on the Tesla stock (TSLA) is not supported by market fundamentals and can thus be considered weak. ➖ A weak counter-trend move can be used as an opportunity to sell (SHORT) by smart individuals/traders. ➖ The Tesla stock (TSLA) is set to drop long-term based on the individual stock long-term price dynamics. It is likely the best is already in...
Price has extended down a little further than anticipated in what I am calling wave iii. You may notice on the chart I have some turquoise labels. These are to show the ALT ways this could be counted. The difference is mostly academic as they both end at the same point. If this is the ideal count, then we should get a retrace higher tomorrow to the high $140's -...
The Falling Wedge is a bullish formation that starts with a wide top and narrows as prices decline. This movement creates a cone shape that slopes downwards as the reaction highs and lows come together. Unlike symmetrical triangles, which lack a clear slope and bias, falling wedges unmistakably slope downwards and exhibit a bullish bias. -The buy signal has been...
Sometimes these support bounces make me wonder "Are we in a simulation". Look at that "coincidence" haha. Feels even weirder with Dustin saying Elon is cooking the books Enron style. Be cautious, too good to be true? No Positions, Just "Line Lessons 101"
A volatile stock with so much FUD, so many unknowns, should not logically align with a chart of trend line continuation and geometric formation. I am being as imprecise as i can be without negligence to the study. Free hand no measurement just visual spacing. Lets see how this Legal entity moves through time and if there is any fractal patterning resonate within...