Tesla 12/10 MovePair : TESLA
Description :
After Corrective Waves " abc " it has Completed Impulsive Waves " 1234 ". Symmetrical Triangle as an Corrective Pattern in Short Time Frame. Impulse Correction Impulse with Divergence
Entry Precautions :
Wait Until it Breaks the Upper or Lower Trend Line and Retest
Teslatrend
Tesla Pullback Targets + Major Bull Signal NearingHi Guys! This is a Technical Analysis on Tesla (TSLA) on the 3 Day Timeframe.
So we are continuing the move on Target from our Rejection, our Downtrend held by the Resistance Trend Line.
A break and confirm above the Resistance Trend Line will indicate a "Trend Change".
Till then we are being pushed DOWN in track on hitting our Targets:
1. 0.618 FIB level, around $224
2. Blue Moving Average, the 100 SMA
3. Green Moving Average, the 50 SMA
4. 0.5 FIB level, around $200
Our 1st target is the 0.618 FIB level, but notice how the 100 SMA is hovering just below it. So its likely that we test both.
So the natural order of things is that when Price moves above a Moving Average, we need to test it as SUPPORT before moving higher. So this is why i believe we test both 0.618 level and 100 SMA, since we have not yet tested SUPPORT.
Watch how we interact with this moving average.
Depending on when momentum comes in (indicated by indicators), we may have a strong bounce here due to convergence of 100 SMA & 0.618 FIB and continue upwards.
For this reason, this would be my 1st BUY ZONE.
Also Note the 50 SMA:
We are currently curved upwards, indicating further movement UP. So this line is continuosly changing. Since currently its ABOVE 0.5 FIB level, this area would be my 3rd target to watch.
If we end up breaking the 50 SMA, we may go to the 0.5 FIB level. But for now its less probable.
A Major event is also nearing. The 50 SMA/ 100 SMA GOLDEN CROSS.
Notice on your own charts, how everytime this occurs, TSLA explodes in price.
This cross may also prevent TSLA from reaching the 0.5 FIB level.
We would need to keep an eye out on the Macro timeframes for further specifics as well.
To get details on the Momentum lets look at the MACD.
We have recently crossed BEARISH on the MACD. With increasing size and number of RED histogram bars.
We need to see lighter colored RED bars. Eventually seeing GREEN bars for momentum to change BULLISH.
Also NOTE -> I'd prefer the BLue/Orange lines stay ABOVE the 0 level, indicating the continuation of the overall BULL trend in TSLA.
The STOCH RSI -> Also a momentum indicator. We have moved below the 20 level. It's crucial to watch out for the BULLISH cross (Blue line over Orange line) back above the 20 level. This will indicate injection of momentum back into TSLA.
The RSI -> Notice our current pattern where the Orange line has CROSSED below the Black line. Normally this indicates Price Declines.
So watch where the downward curve of the Black Line and downtrend of Orange line stops
Look for a Bullish cross of Orange line getting ABOVE Black line.
And just to give perspective, the Price we are at right now while i post this idea. We are 20% cheaper from th current highs.
TSLA has out performed many stocks in 2023. So this pullback presents great opportunity. Continue to watch these levels. Take action accordingly.
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***Read my Previous Analysis BELOW From 08/03/23 For More Context!
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.
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$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.
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 -> 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 -> 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:
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 $214.55 trigger line level
=stikstockitslive
Tesla (TSLA) Stock Price Analysis Hello and good day to all!
As of now Tesla just broke out of its downward trendline and wants to push to the upside.. as you can see in this chart the price needs to push through the red portion on the Ichimoku cloud and make the 135.59 lVL of Resistance into Support in order to move up.
If we can change this LVL into support, we will be looking at testing the 141.28 LVL.
If Tesla continues up our next lvl to watch out for will be the 149.46 - 151.95 LVL
AND then the 155.87 - 160.85 LVL from here..
Let me know what you guys think! I love hearing everyone's opinion!
Have an amazing Friday everyone :)
TESLA might be trading at 60-70$ in the near futureI have been shorting TESLA since it's last leg up. I think it's not necessary to explain why I am still holding this position and even adding more funds to my current positions.
TESLA is overrated compared to other manufacturers like Ford, BMW or Mercedes.
Targets on chart.
TESLA ANALYSIS SHORT TERMZEYAN here!!!!
I'm looking at the market from a bullish pov as far as i can see market is quite bullish so ill be looking to buy the dips
This is a general idea of how I view the market; I use various entry techniques; please do not take this information at face value; conduct your own research.
Please let me know in the comments if you want me to analyze your charts.
like for more!!!!!!!!!
This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
TESLA SHORT TO $650 Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share