Occult Geometries Suggest Probable Buyoancy | $TLSA #tsla #tesla
Re: TSLA
Following is a quick analysis offered in a personal inquiry; I was asked that it be shared in TradingView.com. I thank my friend for his trust and recommendation.
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Here is the 60-min. chart, which is revealing important technical developments:
1 - A positive divergence in RSI has built a solid floor, interdicting or imposing a very-high resistance right at 183.84 - not sure what happened there fundamentally, but this will be one hard floor to crack.
2 - A 1.272 Fibonacci extension is the shallowest acceptable counter-trend value to consider any aggressively counter-directional market. Here, it did that right at that aforementioned positive RSI divergence ... Again, a very fast turn-around built at a very solid buttressed value of 183.84
3 - A nascent bullish channel is forming. This remains to be further elucidated by added validation levels, but that channel might perhaps belong to a "momental line" which are part of the occult and weird behavior in the market I have discovered. (see how the translated upper channel boundary maintains angular relevance in this window ... Very important feature suggesting a maximal rate of acceeration, much like a car has a maximal speed based on its intrinsec mechanics. Each stock submits to the same mechanical "terminal velocity" over time, hence the momentum allusion.
Right now, the precocious targets are as featured, namely:
1 - TG-1 = 256.10 - 27 FEB 2015
and
2 - TG-Hi = 283.70 - 27 FEB 2015.
OVERALL: The M5/M15 chart shows a retail-level analysis that often falls to higher-weighed players in terms of financial responding.
If 225.44 is breached to the upside while price remains in the (still speculative) bullish channel, then the targets are likely to be part of a larger Elliott Wave Flat pattern with added upside.
David
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PS: I do not hold any position in TSLA.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
Following is a quick analysis offered in a personal inquiry; I was asked that it be shared in TradingView.com. I thank my friend for his trust and recommendation.
===========================================
Here is the 60-min. chart, which is revealing important technical developments:
1 - A positive divergence in RSI has built a solid floor, interdicting or imposing a very-high resistance right at 183.84 - not sure what happened there fundamentally, but this will be one hard floor to crack.
2 - A 1.272 Fibonacci extension is the shallowest acceptable counter-trend value to consider any aggressively counter-directional market. Here, it did that right at that aforementioned positive RSI divergence ... Again, a very fast turn-around built at a very solid buttressed value of 183.84
3 - A nascent bullish channel is forming. This remains to be further elucidated by added validation levels, but that channel might perhaps belong to a "momental line" which are part of the occult and weird behavior in the market I have discovered. (see how the translated upper channel boundary maintains angular relevance in this window ... Very important feature suggesting a maximal rate of acceeration, much like a car has a maximal speed based on its intrinsec mechanics. Each stock submits to the same mechanical "terminal velocity" over time, hence the momentum allusion.
Right now, the precocious targets are as featured, namely:
1 - TG-1 = 256.10 - 27 FEB 2015
and
2 - TG-Hi = 283.70 - 27 FEB 2015.
OVERALL: The M5/M15 chart shows a retail-level analysis that often falls to higher-weighed players in terms of financial responding.
If 225.44 is breached to the upside while price remains in the (still speculative) bullish channel, then the targets are likely to be part of a larger Elliott Wave Flat pattern with added upside.
David
===========================================
PS: I do not hold any position in TSLA.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
Comment:
21 JUN 2016 - ADDENDUM - $TSLA/Weekly Chart:
David Alcindor
David Alcindor
Comment:
22 JUN 2016 - Chart Update / Tech-Note:
Price fell in the direction of forecast pathway in this WEEKLY chart since forecast emitted yesterday (PURPLE arrow):
Expect this large consolidation pattern to shake up the slippery hands, however, this presumed 5-point pattern should carry bulls to higher highs once completed.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Price fell in the direction of forecast pathway in this WEEKLY chart since forecast emitted yesterday (PURPLE arrow):
Expect this large consolidation pattern to shake up the slippery hands, however, this presumed 5-point pattern should carry bulls to higher highs once completed.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Comment:
24 JUN 2016 - Chart Update / Tech-Note:
Per Predictive/Forecasting Model, price fell along the dashed arrow forecast line - Still expecting a limited decline, with probable support in the 175.00 vicinity:
Watch for a dominant geometry in the background, likely to fashion price action into its generalized outline.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Per Predictive/Forecasting Model, price fell along the dashed arrow forecast line - Still expecting a limited decline, with probable support in the 175.00 vicinity:
Watch for a dominant geometry in the background, likely to fashion price action into its generalized outline.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Comment:
29 AUG 2016 - Chart Update /Tech-Note:
Predictive risk pathway (dashed curved line) remains unchanged. Expecting a 5-point geometry to develop over the following months - Expect a continued 3-3-3-3-3 pattern.
CROW Code students, you should be able to discern a probable 3rd element out of five developing - albeit still speculative - in CROW-Body. Signal service released only when pertinent, using CROW Code method - Expecting Point-E to rest on 3 probable target. Obviously, this is a WEEKLY chart, so there remains plenty of time ahead.
Regards,
David Alcindor
CMT Affiliate #227974
Alias: 4xForecaster
Predictive risk pathway (dashed curved line) remains unchanged. Expecting a 5-point geometry to develop over the following months - Expect a continued 3-3-3-3-3 pattern.
CROW Code students, you should be able to discern a probable 3rd element out of five developing - albeit still speculative - in CROW-Body. Signal service released only when pertinent, using CROW Code method - Expecting Point-E to rest on 3 probable target. Obviously, this is a WEEKLY chart, so there remains plenty of time ahead.
Regards,
David Alcindor
CMT Affiliate #227974
Alias: 4xForecaster
Comment:
01 SEP 2016 - Chart Update / Tech-Note:
Price continues to fall as forecast. Look for probable support and possible reversal at 175.00 level:
Regards,
David Alcindor
CMT Affiliate #227974
Alias: @4xForecaster
CROW Signal Provider
CROW Code Course Instructor
Price continues to fall as forecast. Look for probable support and possible reversal at 175.00 level:
Regards,
David Alcindor
CMT Affiliate #227974
Alias: @4xForecaster
CROW Signal Provider
CROW Code Course Instructor
#Tesla hit both targets, defined in February 2015, and as per expected from a qualitative target (i.e.: TG-Hi or TG-Lo), it acted as a level of reversal, rather than a mere retracement level:
At this point, price has moved in a consolidation pattern, if looking at a much higher timeframe (i.e.: Weekly), which is where the next analysis will originate.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)