Tesla -> Will Hisory Repeat ItselfMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Tesla.
All the way back in 2020 Tesla stock broke out of a monthly triangle formation and pumped more than 1.500% towards the upside. You can see that at the moment Tesla stock is once again creating a monthly triangle formation and there might be another breakout coming soon.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
Teslaidea
A Macro Analysis of TESLA: The Case For Being Range BoundHi guys and Welcome!
As a trader its empowering to overanalyze an asset you would like to trade.
To think of various potential associations or the direction that price action can have or go.
It reduces any surprises and allows for you to be ready and strategize adjustments.
And just NOTE: That this is just an idea/ theory and it does not have to play out as mentioned but i would urge us to atleast keep this idea in the back of our heads.
Things have been great this year, with many big names booming in price.
Many people calling for New ALL TIME HIGHS for many names.
This is also true for TESLA.
But what if we don't see all time highs in Tesla? What if in fact we are range bound, hitting the top of the range only to travel to the bottom of the range for a duration of time before we attempt new all time highs.
It sure is a possibility, as we have done so previously.
From July 2013 till the breakout in December 2019, we managed to stay in a RANGE.
(Roughly 2345 days or 6ish years).
This is not a bad thing per se. It helps the asset consolidate, create market structure and allows companies to stabilize, allowing them to fulfill the desires of investor sentiment, thus moving higher eventually.
If you can determine the levels of the range, it is also tradeable. More on that in future posts, as i will be monitoring TSLA like a hawk.
Now looking at our current RANGE. We've gone so far 1093 days. If history is any indication, we are about almost half way through our RANGE bound journey.
Note that if we are range bound, it doesnt have to mirror our previous data point.
Also that Investor SENTIMENT for TSLA is different now.
Also don't discount the fact that currently we are bullish in TSLA, so possibilities of seeing $400 sooner than later is likely, until proven otherwise.
Could we break out or do we double top/ stay range bound?
That would be the place to re-assess the situation.
One major factor in my opinion to help us determine what might happen is VOLUME.
I think for us to really solidfy this idea of making New ALL TIME HIGHS, volume has to continue to increase and really spike when we reach the $400, RANGE TOP.
We don't want to see volume below the PURPLE LINE DRAWN, but rather have it follow the GREEN arrow. Showing consistent growth and high volume.
Also another thing to watch is the RSI.
NOTICE the Black trend lines drawn.
When we broke out of our 2013-2019 Range, RSI broke past the Black trend line to continue into our HIGHS.
Come to current time, we are quite far off the Black Trendline drawn. This is something to watch.
Again, history does not have to repeat in current price action BUT it does provide data on what could potentially happen. As a trader it is important to always try to see different angles.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on TSLA in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
$TSLA It shows a repeated Pattern! It show a Pattern we have seen before.
I see Tesla going till 400/600, but I believe it's not yet that moment.
Why not go low and get all the Buyers back in to FLY TO THE MOON.
Tesla is still the most Famous stock because of Elon Musk.
If he doesn't change, get sacked (Steve Jobs) or stops Tesla.
It will be the Future product!!!!
Long Tesla Long Tesla here 60% of position allocation. Deviation out the wedge, Daily RSI crazy. Stops set at -2%. Still plan on shorting Tesla to the 200 weekly MA but think we get a reversion to mean here on daily. I posted my $281 tesla short and closed those positions yesterday. Perfect stop sweep on the June 23rd low. News is noise. Not advise, good luck.
Tesla 2019 Vs 2023 Breakout Comparison Tesla 2019 Vs 2023
- Repeat Megaphone pattern?
- Repeat Megaphone breakout?
- Repeat 10% pull back before major move?
If we confidently break through and close above resistance or get a 10% pull back, it could be worth putting in place a position with a stop under resistance or a tighter stop if its the 10% pull back scenario.
We could still revisit the 200 Daily SMA... and we need to be aware of that. That's why you have a stop because the 200 DSMA is idyllic but given the similarities of this pattern, it could play out and it might be worth taking a position SUBJECT TO having a tight stop under the resistance level (once we break above it) or having a tight stop under the 10% decline entry.
It will be interesting to see how this chart plays out. It could hardly be as exponential as 2019? but it could be a nice move.
PUKA
Tesla: The Only Foreign Automaker Committed to China's CompetitiI am excited to share that Tesla, the renowned electric vehicle manufacturer, has become the only foreign automaker to sign China's competitive pledge. This remarkable commitment showcases Tesla's dedication to the Chinese market and its determination to lead the sustainable transportation revolution in the region.
China, the world's largest automotive market, presents immense potential for growth and innovation. By signing this pledge, Tesla has positioned itself as a unique automaker in China, setting it apart from its competitors. This move solidifies Tesla's presence in the Chinese market and reinforces its commitment to fostering healthy competition and driving the industry forward.
As savvy investors, we must identify companies with a competitive edge, especially in emerging markets like China. Tesla's decision to sign this pledge highlights its strategic vision and ability to adapt to local market dynamics, which bodes well for its long-term success.
I encourage you to take a closer look at Tesla's operations in China as they continue to expand its manufacturing capabilities and strengthen its foothold in the region. By doing so, you will gain valuable insights into the company's growth potential and ability to capitalize on the immense opportunities presented by the Chinese market.
As with any investment, thorough research and analysis are essential. I recommend exploring Tesla's recent achievements, such as the impressive sales figures and the positive reception of their locally produced Model 3 in China. These milestones validate Tesla's commitment to the Chinese market and provide a glimpse into the company's future prospects.
In conclusion, Tesla's status as the only foreign automaker to sign China's competitive pledge is a significant milestone that sets them apart. Their unwavering dedication to the Chinese market positions them as a unique player in the industry, making them an intriguing investment opportunity.
I encourage you to delve deeper into Tesla's operations in China and assess its potential impact on its growth trajectory. We can make well-informed investment decisions that align with our goals and aspirations by staying informed and proactive.
Thank you for your time, and I wish you continued success in your investment journey.
$TSLA - The ONLY CHART you need to know for the long term!Monthly chart is everything long term. TSLA has finally forked off its previous rising channel since IPO. Now, it has created a new channel. This is extremely bullish since it is just the start! Squeeze mod and MACD is also curling to a bullish long term run.
Tesla -> What About This?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Tesla stock perfectly retested and already started to reject a major previous weekly structure area roughly at the $260 level.
You can also see that Tesla didn't retrace all the way back to the 0.382 fibonacci retracement level which is always the first strong support level after the recent massive pump so there could be a chance that we will see another short dip and then even more bullish continuation.
On the daily timeframe you can also see that Tesla just created bearish market structure by breaking the previous low towards the downside, however Tesla stock is still looking strong so I am also waiting for a short term daily drop before I do expect another bullish impulse leg.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla -> The Sky Is The LimitHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Tesla stock recently perfectly broke above a longer term bearish trendline in confluence with support at the $160 level and then created a rally of 40% towards the upside.
You can also see that from a weekly perspective Tesla stock is currently testing a major weekly structure zone which could now act as resistance exactly at the $270 level so I am now just waiting for a minor pullback before I will then look for the continuation towards the upside.
On the daily timeframe however you can see that Tesla is far from creating bearish market structure, there is no sign of weakness at the moment so I am just waiting for Tesla to slow down at the current leve and then I do expect a minor pullback towards the downside before the longer term bullish continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla Short Selling short-midtermNew agreement will give customers access to 12,000 Tesla chargers
Ford (F) stock has advanced about 2.5% early Friday following CEO Chris Farley’s announcement that Ford owners will be able to charge their EVs at Tesla Superchargers beginning in early 2024. The announcement was made via a Twitter Spaces talk between Tesla (TSLA) CEO Elon Musk and Farley late Thursday.
NASDAQ 100 futures have gained 0.3% in Friday’s premarket as Dow and S&P 500 futures are ahead slightly less than 0.2%.
Tesla currently has more than 17,700 Superchargers but 12,000 of them will be made available to Ford owners. Ford customers will be able to pay using their existing Ford payment apps.
$TSLA Tesla - Too Much Speculation in The Price #StocksIn the short term, remnants of "the growth that was" has Tesla stock anchored to some higher prices. In the long term, the forecast looks a little more cloudy.
I wouldn't be surprised to see Tesla stock hit $200 or lower again before the next bull market REALLY begins. The stock is now trading outside of it's fundamental range of value. I would take the draw down from Friday as a sign of what's to come in the future.
Check out the Equity Channel Podcast on Apple, Spotify and Amazon to get more insights on trading and investing.
Tesla (TSLA): Potential short swing tradeTesla's share price has made a mediocre attempt to rise above $180, yet Friday's bearish engulfing / outside day seems to have different plans. The fact the candle occurred on high volume following a bearish RSI divergence suggests it may have reached (or is close to) a swing high. Furthermore, the reversal candle has formed around the monthly pivot, 61.8% Fibonacci ratio and 50-day EMA and just beneath the 100-day EMA.
- Bears could fade into moves within Friday's rally to anticipate a break of last week's low
- Alternatively, wait for a break of last week's low to assume bearish continuation
- The lows just above 150 make a viable target for bears, with the potential for it to close the gap or test the monthly S1 pivot
Tesla -> There Is Still HopeHello 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 already rejected a quite obvious previous weekly structure area exactly at the HKEX:200 level.
You can also see that weekly market structure is now bearish, we are currently retesting weekly support though and there might just be a chance that we will see another bounce towards the upside from the current levels to then retest once again the resistance at the HKEX:200 area.
On the daily timeframe you can clearly see that market structure on Tesla is currently still bearish so I am now just waiting for some bullish rejection at the current support zone before we could then definitely see a daily short term 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 -> Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is actually currently rejecting a quite obvious weekly previous support/resistance area towards the downside exactly at the HKEX:200 level.
You can also see that the next major support zone is at the psychological $100 area from which we already had a strong rally a couple of weeks ago so I am now just waiting for another retest of the support zone and then I do expect another rejection towards the upside from there.
On the daily timeframe you can see that Tesla stock is retesting previous daily support at the HKEX:165 area, market structure is currently still bearish so I am just waiting for some bullish confirmation inside this zone before we could then see a short term 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:
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