TSLA bull movement April 29I assume TSLA go up to $205 in May. Big XWZ movement is completed.Longby vmalyutnxqpf2216
TSLA weekly trendline support Well this looks like TSLA has longterm support at recent low . Probably that is 2024 low. If we are patient enough next 6 months if Fed reduce interest rates by december This is poised to break upper trend line resistance Longby dreamTrades011
TSLA ON A DEMAND ZONETSLA is clearly playing inside a bearish channel and we have witnessed a bullish reversal recently on the demand zone identified. If this level remains strong enough, we will see a potential continuation of the rally. Also on the lower timeframes, we see a bearish channel which indicates a bullish breakout.Longby traderchamp_1
My $TSLA VWAP trade 4/26This is how I traded TSLA on Friday 4/26, it was my first venture into VWAP trading, I didn't include the usual Volume Profile data that I would include on my trades but I plan on assimilating both idea on my next trades. My cost basis for my 170P ended up being .39 and I ended up selling for 2.91.Shortby PM_ME_PYTHONS0
TESLA: Expecting Bearish Movement! Here is Why: Looking at the chart of TESLA right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals221
TSLA longer Term AnalysisGoing over the TSLA chart longer term. looking for clues as to what the market is telling us. do the hard work. the weekends are the right time to do all your hard work to get better for the next week. we want to buy back our time and cant do that without doing the hard work. 07:04by BobbyS8132
TSLA area or support resistanceIf we don't break 168/269 area the next support levels can be this near this support areas f 129 or 96by sfl_trades0
TSLA Bullish Piercing candle at support TSLA support and resistant price structures formed at every 50$ range Finally it hit 150 support zone ! This week open gap down but ended strong rebounce forming Bullish Piercing reversal candle with VOLUME at 150 Support and Trendline Support. Weekly Chart - Long Term Generally still downtrend (Red MA Rainbow) and Bearish (Candle below Moving Average) FiFT still -ve indicating Bear still dominant MCDX 69% with selling volume vs Buying volume with just 9% Daily Chart Generally still downtrend (Red MA Rainbow) and Bearish (Candle below Moving Average) However, there's sign of reversal spotted. Bullish Divergence - Price lower low but FiFT Higher low, MCDX Selling volume capped at 50% Morning Star Reversal candle with FiFT turning +ve on daily chart. MCDX Buying become active with 36% vs 31% selling volume. Summary Generally still downtrend and bearish. No buy signal yet BUT there's sign of reversal (Bullish Piecing and Morning Star) happen at right place (150 and Trendline Support) Risk buy at support for short trade or Monitor for price break and close above 180-185 zone for further buy opportunity. TSLA should be able to move higher if MCDX Institution volume manage to break above 10% on DAILY and WEEKLY chart . by kgiap1233
Tesla going to pump and dump.Nothing unusual here, form base, pump to resistance, dump to support. This is in line with my broader market view of SPX going to 3k over 450 days.by MikeMM114
The Robots are Coming. Tesla will be the leader. In 100 years, Tesla will be known as a robotics company that began as an auto manufacturer. Elon has described the coming robot products to likely bring the most profit and future growth for Tesla. EV cars are becoming more commoditized and margins are shrinking. Robots will be the next major class in consumer tech products, after smartphones.Longby inanis_2
TSLA - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.Longby Financial_Insights0
Trading Diverging Chart PatternsContinuing 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 define rules to trade them systematically. The diverging patterns discussed in this tutorial are: Rising Wedge (Diverging Type) Falling Wedge (Diverging Type) Diverging Triangle Rising Triangle (Diverging Type) Falling Triangle (Diverging Type) 🎲 Historical Bias and General Perception Before we look into our method of systematic trading of patterns, let's have a glance at the general bias of trading diverging patterns. 🟡 The Dynamics of Diverging Wedge Patterns Diverging Wedge patterns are typically indicative of the Elliott Wave Structure's diagonal waves, potentially marking the ending diagonal waves. That means that the patterns may signal the ending of a long term trend. Hence, the diverging rising wedge is considered as bearish, whereas the diverging falling wedge is considered as bullish when it falls under Wave 5 of an impulse or Wave C of a zigzag or flat. For an in-depth exploration, refer to our detailed analysis in Decoding Wedge Patterns Both rising wedge and falling wedge of expanding type offers lower risk reward (High risk and low reward) in short term as the expanding nature of the pattern will lead to wider stop loss. 🎯 Rising Wedge (Expanding Type) Expanding Rising Wedge pattern is historically viewed with bearish bias. 🎯 Falling Wedge (Expanding Type) Expanding Falling Wedge pattern is historically viewed with bullish bias. 🟡 The Dynamics of Diverging Triangle Patterns Diverging pattern in general means increased volatility. Increased volatility during the strong trends also mean reducing confidence that may signal reversal. 🎲 Alternate Approach towards trading diverging patterns Lack of back testing data combined with subjectivity in Elliott wave interpretation and pattern interpretation makes it difficult to rely on the traditional approach. The alternative method involves treating all expanding patterns equally and define a systematic trading approach. This involves. When the pattern is formed, define a breakout zone. One side of the breakout zone will act as breakout point and the other side will act as reversal point. Depending on the breakout or reversal, trade direction is identified. Define the rules for entry, stop, target and invalidation range for both directions. This can be based on specific fib ratio based on pattern size. Backtest and Forward test the strategy and collect data with respect to win ratio, risk reward and profit factor to understand the profitability of patterns and the methodology. Breaking it down further. 🟡 Defining The Pattern Trade Conditions Base can be calculated in the following ways. Distance between max and min points of the pattern. (Vertical size of the pattern) Last zigzag swing of the pattern (This is generally the largest zigzag swing of the pattern due to its expanding nature) This Base is used for calculation of other criteria. 🎯 Breakout Zone - Entry Points Breakout zone can be calculated based on the following. Long Entry (top) = Last Pivot + Base * (Entry Ratio) Short Entry (bottom) = Last Pivot - Base * (Entry Ratio) If the direction of the last zigzag swing is downwards, then top will form the reversal confirmation and bottom will form the breakout confirmation. Similarly, if the direction of the last zigzag swing is upwards, then top will become the breakout confirmation point and bottom will act as reversal confirmation point. 🎯 Stops Long entry can act as stop for short and vice versa. However, we can also apply different rule for calculation of stop - this includes using different fib ratio for stop calculation in the reverse direction. Example. Long Stop = Last Pivot - Base * (Stop Ratio) Short Stop = Last Pivot + Base * (Entry Ratio) 🎯 Invalidation Invalidation price is a level where the trade direction for a particular pattern needs to be ignored or invalidated. Invalidation price can be calculated based on specific fib ratios. It is recommended to use wider invalidation range. This is to protect ignoring the potential trades due to volatility. Long Invalidation Price = Last Pivot - Base * (Invalidation Ratio) Short Invalidation Price = Last Pivot + Base * (Invalidation Ratio) 🎯 Targets Targets can either be set based on fib ratios, as explained for other parameters. However, the better way to set targets is based on expected risk reward. Target Price = Entry + (Entry-Stop) X Risk Reward 🟡 Back Test and Forward Test and Measure the Profit Factor It is important to perform sufficient testing to understand the profitability of the strategy before using them on the live trades. Use multiple timeframes and symbols to perform a series of back tests and forward tests, and collect as much data as possible on the historical outcomes of the strategy. Profit Factor of the strategy can be calculated by using a simple formula Profit Factor = (Wins/Losses) X Risk Reward 🟡 Use Filters and Different Combinations Filters will help us in filtering out noise and trade only the selective patterns. The filters can include a simple logic such as trade long only if price is above 200 SMA and trade short only if price is below 200 SMA. Or it can be as complex as looking into the divergence signals or other complex variables.Editors' picksEducationby Trendoscope77285
TESLA Set To Grow! BUY! My dear subscribers, TESLA looks like it will make a good move, and here are the details: The market is trading on 147.01 pivot level. Bias -Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 155.99 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 559
TeslaDeep state after Musk. Unethical shorting, however looking at value pre "self driving cars", "robots", "value of cars only goes up", "spacex=tsla" I think you can ethically short the company without bringing in politics. Share price is 50% off high, and further off 1/2 of that high, and looks to be in a downtrend that is almost 50% off that high. Without selling shares to the open market the endless expansion needed to grow the EV business will be dependent on profits. It is like a huge house of cards is about to collapse and Musk is running around alone trying to keep it together. Doesn't look good. Thinking of adding puts 6 months out.Shortby Arete-HIUpdated 552
Testla support levels.big support at 175/158. stops are at 130-140. this is a long term idea do ur own research. Use correct RISK management, no financial advice Longby Who_likes_taxesUpdated 6
I'd Be Bullish If It Wasn't For This...Purely the RSI crossing the 50 mark has me worried here. Were in technical support and accumulation here and if we break the green level I can see us working our way down to the lower channel. Everyone is betting against Elon BUT the retail investor since its peek and for some reason. If inflation ticks up and fed keeps a stern stand on rates, this thing could TANK!!!!!!! Shortby LeapTradesUpdated 4410
Tesla !!! Long story short ...Tesla Long story short !!! we may see small pull back before the last wave is formed by GautamKhanna1
TSLA Scalping Zones 4/26If can break and hold above 171 then 174 - 175 is in play.by QuantumEdgeAnalytics0
Apr 25: One more low to comeTSLA is not out of the woods yet. The weekly chart shows that the RSI of the Jan 2023 low needs to be taken out with one more low to complete the large WXY structure... at least down to the 110 (?) area. The strong bounce over the past couple of days is a relief bounce to correct the Dec 2023 down cycle. The bounce may reach 0.5 retracement of that cycle, which coincides with the "right shoulder" (?) Short-term bullish, but medium-term still bearish. Shortby TraderBwaterUpdated 6
TeslaPrice is taking the trend line support and moving up. Where we can expect next resistance? 179 - 181 zone will be the next resistance if price gains strength to move above 172. Buy above 172 with the stop loss of 170 for the targets 174, 177, 179 and 181. Sell below 166 with the stop loss of 168 for the targets 164, 161 and 159. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathi7
LONG TESLA - broke today its Resistance Level at 165 TSLA broke today its Resistance Level at 165....currently trading above 170. Next strong resistance is at it's 200 MA at 200Longby rshandilya1
TSLA- What Does Elon Have to Do With Anything?Tesla=Elon=Tesla TSLA Bears are an interesting bunch On one hand I sorta see why they feel ole' Elon will be the downfall of TSLA (and the world! run! Elon is coming!) On the other hand ole' Elon has enough paper and relationship assets to continue to push his ideas forward So will ole' Elon run TSLA into the ground? Maybe, Possibly...but not yetLongby Heartbeat_TradingUpdated 118