Is TSLA Ready To Pump??Technical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 2-4 weeks
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
- Weekly right side is up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in order to buy
Teslaanalysis
Tesla -> Ready For The PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Don't Buy Tesla Now - Short Term is DownAs we can see in our weekly chart, Tesla(TSLA) is continuing to do the correction in wave 2 in black.
- Around $150 we expect the smart buyers as it's a buy edging area
- Around $250 we expect sellers
- Around $190 we expect a big decision in Tesla(TSLA) to follow PATH 1 or PATH 2.
We also need to follow correlation with NASDAQ and SPX Indices. Now the Right Side of H4 and H1 are turning up
Tesla -> Preparing The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction.
As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here.
On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Mars or Bust I have been suspect of the Tesla recovery that took place from January 2023 - February 2023. I get it, we "bounced" after a 65% collapse (which we properly identified in May 2022 - attached to this summary), but a 100%+ recovery over the course of 6 weeks is an incredible "breadth" for such a short amount of time and what is a relatively large market cap.
Anyway, I think such a move suggests there are still plenty of gullible bulls, trying to front run a bottom... It would make sense that such amateur behavior (desperately front-running a bottom) would occur in a place that is inherently hysterical and wrought with wishful thinking and tall tales.
TSLA in APEX of Symmetrical TriangleHere we are looking at TSLA on the Daily TF…
As you can see, TSLA has been trading within a symmetrical triangle since November of 2022.
After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of the structure.
While my stance is currently neutral on which direction TSLA will break, it is clear that there will be a break of this structure in the coming days. If TSLA breaks down, we can expect it to make a move to its lows made in January of 2023. However, if it breaks upwards, I will look for it to run into resistance at the macro down sloping resistance line…
I will continue to monitor its development, and update you all as I see fit!
What do you think TSLA will do next? Let me know in the comments!
Cheers!!
Tesla -> Time To Move HigherHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to create a quite nice inverted head and shoulders with the neckline being exactly at the $220 area.
You can also see that market structure is currently bullish, we just had a rally followed by a healthy correction so from a weekly perspective I just expect a break above the neckline and then more continuation towards the upside.
On the daily timeframe you can see that Tesla stock is right now retesting previous daily support which is now turned resistance so I do expect a short term rejection away from the resistance area but then definitely the longer term continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
www.tradingview.com
Tesla -> The Bulls Are BackHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock just recently perfectly retested and also rejected an obvious previous weekly support zone which was now turned resistance.
You can also see however that as we are speaking we are retesting previous weekly support, we are also having the potential creating of an inverted head and shoulders so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe I uploaded my last analysis before the recent drop, perfectly predicting this correction and now from a daily perspective everything looks quite bullish, so from here it is definitely possible that we will see the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla -> First Drop And Then PopHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is now perfectly rejecting a quite obvious previous weekly support zone, which is now turned quite strong resistance.
However Tesla stock is also approaching a previous weekly support zone, from which we could potentially also create a right shoulder, forming an inverted head and shoulders pattern, so from a weekly perspective I do expect a retest of the $170 and then a rejection towards the upside.
On the daily timeframe you can see that market structure is currently massively bearish, but as mentioned above I am now just waiting for a retest of the previous support zone at $170 from which I also do expect a daily rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla -> Is The Rally Already Over?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Tesla stock is actually quite overextended towards the upside; just the past 7 weeks we had a short covering rally of about 100%.
Therefore I just do expect a short term correction towards the downside before the market will then create the longer term continuation towards the upside and retest a major bearish trendline at the $240 area.
On the daily timeframe I am now just waiting for the market to retest a very obvious previous resistance zone which is now turned support from which I definitely do expect the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Will Testa stay above 200? Hmmm...Like all stocks, also Tesla recovered strongly since the beginning of the year, and, in its case, this recovery is, in fact, a doubling of its value.
At this moment the price of Testa is 208 and, one may wonder if it will continue its rise.
Leaving aside this extreme optimism since the start of the year and getting back to Earth, there are no fundamental reasons for continuation.
Technically, this zone is very strong resistance and even considering only profit taking we will have a ceiling in this zone (100% gains in 2 months is immense as a return)
In my opinion, Tesla will roll back down, and is more probable from this point to drop to 150 than to rise to 250.
TSLA $TSLA #TSLA Tesla, Inc. Congratulations team members and all who have an entry point of $107-$114.42!
We have a decent cushion here to let the QUEEN run smores.
She can reach levels of $234.91 before this weeks end on the weaklies* expiration date
A safety net was built throughout the struggling trials and tribulations.
Current near term showing signs of pure glory potentially and convincingly BREAKING OUT. $219.35 $226.87. Stay safe out there.
CAUTION: The QUEEN is notorious for having superior volatility. About the highest BETA on the entire board of stocks available to trade or invest in.
PLEASE BE CAREFUL: THIS HORSE HAS NEVER BEEN BROKEN OR TAMED AND IS THE WILDEST RIDE ON WALL STREET
Short term trend looking to breakout above the $214.55 trigger line level
=stikstockitslive
TSLA - Possible Inverse H&S Pattern?Looking at this 4HR chart, we can clearly see an Inverse Head and Shoulder pattern forming. It is currently at the neckline right at around $198.
Interestingly, we see a Bearish divergence right near the neckline (as marked) where price action is going up, but the RSI is going down. This gives us a small bearish signal.
So unless this gets invalidated by a candle breaking and closing above 198.24, we are most likely going down to the $166 - $164 area. That will be the decider area where TSLA can either bounce back and complete the Inverse H&S or it breaks down and goes for lower price support levels. (which I will update later).
Possible trades (options) that can be taken:
Option 1:
Feb 17th $195 PUT at around
Option 2:
Feb 17th $160 PUT (risky)
Option 3 (Put Spread):
Leg 1: Buy Put 2/24 $165
Leg 2: Sell Put 2/17 $165
(Good R:R ratio). Please feel free to message me if you are new to options or are confused.
Option 4 (Butterfly) - Risky but high reward:
Leg 1: Buy Put 2/17 $185 (1 Qty)
Leg 2: Buy Put 2/17 $145 (1 Qty)
Leg 3: Sell Put 2/17 $165 (2 Qty)
Note: This whole will be a single order. Again, please feel free to ask in comments or message me if you are confused.
These are the potential option trades that can be taken next week.
For a stop loss look for 198 area to break. If the price goes above that and closes we must exit the position in a loss. Other ride it till 165. Make sure to exit if you're in a good enough profit (according to you).
Do you own research before taking this trade.
Let me know what you guys think :)
Happy Trading!