Tslalong
3D daily wolfe wave setup in TESLA$TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 261 which it left open in September 2022. This setup is identified in the previous post using the 2D time-frame and it is also appearing on the 3D time-frame.
The weekly setup was triggered the last week of November 25. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 600 with estimated time of arrival sometime last week of March 2024. Short term wise, look to target the 261 gap or 200 day ma. Long term wise, dollar cost averaging on the dips would not be a bad investment for child's education fund.
TSLA 2D wolfe wave setup into January Run up$TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 261 which it left open in September 2022.
The weekly setup was triggered the last week of November 25. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 524 with estimated time of arrival sometime last week of January 2024. Short term wise, look to target the 261 gap or 200 day ma. Long term wise, dollar cost averaging on the dips would not be a bad investment for child's education fund.
Tesla Analysis 28.11.2022Hello Traders,
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Is TSLA setting the tone!Bulls found some sort of solidarity in the FEDs minutes today. And showed it with a strong stance by buyers closing the day with strength and displaying the majority will of todays retailers. And their desire to reap profit from this shopping season .
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
TESLA TO $205TSLA currently on a pull back after an internal bullish structural shift topping at $200. Price have tapped into the 30% (institutional level) of the last intermediary swing high ($195.85) to swing low ($175) before price shifted bullish. However, we cannot negate that price can push further into the last range possibly breaking the low ($175) than shift to the top side. Either way it plays, expecting a bullish flip to $205 maybe higher $217. Let me know your thoughts
Yours,
Brothers In Bitcoin
Do not get exited about TSLA yet!TSLA was expected to trade today with low volume. Yet we saw higher volume than expected and a tug of war between buyers and sellers.
Today sellers closed with a slight advantage closing near the mark of $170.
Now it is up to the opening, If TSLA is able to open above $170.
then a $175 retest with a possible targets of $177 and $180.
Since it is a short week I am not sure what to expect yet we have data coming tomorrow and the FED speaks which can and will impact price.
On the other side an open below $167 will encourage sellers and they will aim for targets at $165 and eventual $148-$150. There is quite a price imbalance between these two support and resistances.
What if you could see into $tsla future? $TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. In this monthly chart of TESLA, there was a bearish wolfe wave that started developing on November 1,2021. Last year, tesla was a very popular ticker to trade due to it's beta relationship with the market index. Moreover, hundreds if not thousands of new youtubers or existing tesla followers started covering tesla as if they actually owned or worked at the company. Even to this day, as tesla trades -58% from it's high, we continue to witness irrational exuberance in the tesla stock with recommendations of dollar cost averaging ideas floating around and long term price targets upwards of $3500 to $10,000?? Wolfe waves are great in detecting when a stock enters in bull or bear markets. It removes irrational exuberance and allows the trader to focus price and volume which are the main ingredients in determining momentum. And until the stock price reclaims at least the 6 month moving average, the price of the tsla stock will continue to sell into strength and eventually fill all the gaps it left open back in 2021 and 2020. As tesla continues to sell off and extend lower, there will be intra-day opportunities for option traders to position into long calls as shorts cover. At this point, strong volume and price action induced by positive news reports is the only thing that will get tesla out of this bear market.
TSLA Bearish Wolfe Wave lower time frame Wolfe waves are great because they help traders identify profit targets with respect to entry. They are especially useful when there is binary event such as earnings, cpi or ppi. Last week, I posted a bullish daily entry for tsla for an over the weekend tgif trade. Although TSLA dipped on monday, we were still able to buy the dip and offset some losses from Friday's entry. Post PPI, TSLA gapped approx 3% and rallied another 2% tuesday morning. Typically gaps contrarian in nature, they are bearish/bullish depending on the direction of the gap . Gaps introduce another variable which can counter trend any trade idea sooner than later. Tuesday's price action for TSLA was generally weak with respect to other tech names. Moreover, there is a bearish 78 min wolve wave + 78 ttm squeeze that has just triggered with a projected target of 175. Bullish or bearish waves on daily time frames can produce giant returns; however, the trader should take into consideration other macro events such as economic data, fed speakers , earnings and the worst of them all Jerome Powell FOMC. If the bearish wolfe wave does fails to move tsla price stock lower to 180 to 175, then the setup will likely turn into a short squeeze where the horizontal line representing the bearish stop loss will be the breakout level target.
TSLA Daily Wolfe Wave Setup and entrySimilar to SNOW, there is a daily wolfe wave setup that triggered on November 11 on the day of CPI . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. The apex of the wolfe wave extends out to 2023 but in the short term expect TSLA to move more than 10% before November 15 for a quick move to the 21 day ma.
Short term to long term entry on TSLA we LoadedThere is a 78min wolfe wave setup that triggered on today Nov 8. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 234 which is expected to reach this price target within 3 to 9 days. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way so these gaps will be levels to take and manage profits. Dec 16 220C locked and loaded with 190 contracts.
Buying TSLA break higher.Tesla - 30d expiry - We look to Buy a break of 238.11 (stop at 221.98)
Weekly bullish divergence is expected to support prices.
A break of the recent high at 237.40 should result in a further move higher.
Trading has been mixed and volatile.
The primary trend remains bullish.
Our profit targets will be 279.29 and 289.29
Resistance: 238 / 255 / 280
Support: 210 / 198 / 180
Disclaimer – Saxo Bank Group.
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