Hi mates, sharing weekly chart of Tesla as we can see that after making an all time high of 414 levels it came down to 100 levels it was a almost a downfall of 75% from all time high levels. And after it record a recent high of 300 levels in july 2023 which almost was 194% returns from maximum low levels after hitting the all time high.
So i observed that after...
Warning: This is going to be a long post as I haven't made a meaningful post since last Thursday. That being said let's jump right into the nitty gritty.
The main chart above is my 4HR chart for Tesla and is zoomed into these movements since the $299.29 top made on 19 July. Since then, we have spent 70 days as of tomorrow. To give you reference, our primary wave...
Tesla's Future: Navigating Challenges and Seizing Opportunities
Over the past five years, Tesla has experienced an extraordinary journey, with its shares in the electric vehicle (EV) sector skyrocketing by an impressive 1,263%, far outpacing the S&P 500's more modest 54% return during the same period. While the company currently faces immediate challenges,...
Tesla has rallied over 31% in less than a month to regain some of the losses since the $299.29 high. Some have been calling that a sign that a new bull run is coming. As an Elliottician, I say that is the B wave of the larger correction.
I ENCOURAGE EACH AND EVERY PERSON READING THIS TO GO AND CHECK MY WORK/POST ON AUGUST 20, 2023 @ 2332hrs CST. In that post,...
My dear followers,
This is my opinion on the TESLA next move:
The asset is approaching an important pivot point 244.73
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 259.37
About Used Indicators:
For more efficient signals,...
Tesla should have a wave (4) retrace coming up soon and since the wave two was deep but short, I would expect this to be shallow but long in duration. Notice the MACD is starting to curl up on the hourly. It should start to rise towards the 0 line tomorrow. On the chart I have marked our next two target areas that I feel price should go based upon the prior price...
TSLA has a perfect short swing trade since 18/09. This is confirmed today as the stock droped below $260 key level - pre market.
Another confirmation that a key ascending trendline on the 4hrs chart has been broken pre market. it marked as white line.
My trading plan for the day is to see how it will react to this level - i need to see it retest and then enter my...
Boost and follow for more! thanks 💜August 10th I said "we reject here and continue to dip pivot level and multiple SMA supports around 210, for now bears hold control, but nothing last forever"
August 18th about a week later, we bounce at 212 and SMA support, almost exactly as predicted ahead of time 😎
now bulls have control once again, trend resistance is...
Hey guys!
Today, we're discussing 3 concrete strategies that you can use to improve your win rate with your trading strategy. This includes:
1.) How to improve your underlying decision making (trade with the trend, take advantage of levels, and understand the fundamentals driving supply and demand).
2.) How to adjust your exit strategy to improve your win rate,...
Analyzing and examining Tesla in the time frame of 1h, the possibility that Tesla has a temporary correction is high. And this action can bring the price closer to the previous uptrend that was broken (ie the 260 range). In this case, it is a pullback. and will confirm failure. If it cannot return to the trend, which there is a high probability that it cannot...
Hello Traders. I just completed my review of NASDAQ:TSLA weekly & Daily Chart.. Key things I noticed were:
1) Elliot Triangle Wave
2) Cup/Handle pattern
3) The AD/Money Flow are both showing a cup/handle pattern on the weekly chart
4) Daily Chart Stoch RSI, is oversold
Disclosure: No position, will be looking to add this week.. Not trading or investment advice
This week I think tsla will bounce back to 258-260 resistance and form a right shoulder for a correction back down to 215.
For the long
Entry 242-244.
Stop loss 240
Target 258
For the short
Entry 258-260
Stop loss - 263
Target - 242, below 240 and we see 212
The analysis of the TESLA chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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Overview: let's review the key points of the previous update (September 15th):
MAJOR warning signs on other charts, except TSLA.
Be careful being bullish.
In wave b of (III) developing as a flat correction.
262.53 for the bottom, can be a golden opportunity to participate in the a bullish move.
40D cycle trough: 22nd or 25th of September.
No change...
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...
Technical Analysis:
- As you can see, wave (II) in blue has been completed and wave I in red is in progress
- Wave ((1)) and wave ((2)) in black have already been completed from wave I in red
- H1 & H4 right side is turning up
- Invalidation level 1 can't be crossed in short term
Technical Information:
- If you're a swing trader, wait for wave ((4)) in...
TSLA broke 243 level before market open today. I will enter a short position after retesting this level today.
I don’t see major support before 229 level, ( marked in Green )Swing traders may take profit at this level.
Day traders can cover half of their position around 235 area and let the winners run near to 229 level.
Entry : 240
Stop loss: 243
Take...
