HOOD double top 22 % drop possibleHOOD price is forming a double top pattern.
How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart
Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto markets
Good luck
Tslalong
Is it clear for TSLA ! Buy now next week will blow up
Best area to buy we are in 0.5 Fib and bellow the Bolonger band over over sold NOT ONLY THAT the stochastic RSI shows a big buying opportunity
Iam not positive in medium term but short term we will have a big move minimum to 280 as shown in bolonger
GOOD LUCK
Tsla dont risk for selling nowGuys i wanted to share my thought because i see alot of TA that say tsla will fall to 120 $
I know nothing is impossible but not now maybe in 2023 yes it can happened
Now lets talk about buying profit and how fast you can make it
As my analysis daily is over sold , and weekly probably we go to 220-200 not more now , but in buying side first target is 273 and if we cross it we go 300
I mean the buyers will make more profit
Watch 2017-2018 and see how similar it looks
Good luck
Tesla range for scalping If tesla reaches 232 that fib livil for daily over over sold
It can reach 273 easily and if it hold it can reach 298 as weekly fib livil
I think this is reasonable since btc correlated with stocks as a high risk assets
Btc can go to 23k
Tsla will blow up
But then milt down harder than we think
Any way i am bearish in both ( short term)
GOOD LUCK
Tsla every up move SELLIam scalping tesla today and yesterday i bought it and ill collect my profit to short again 288 hopefully it can reach will be a good selling area to me
Why buy because it over sold in 4 hours chart and daily also
Why selling there is continuation of down trend in weekly
Here me up ( next week or two we will go in massive up trend when all time frame is over sold )
GOOD LUCK and dont wait below 200$ i think 200 will be the last area to buy
Tsla update after a big crash Tsla is over sold in daily and hourly
I expect a sort of pull up to 288 or 277
Will i know its in down trend but the first wave is finished and 50% of up wave correction is coming fast in 3-5 day it will finish
THIS IS MY SECOND UPDATE TODAY TO MAKE SURE I GIVE A PERFECT ENTRY FRIENDS
GOOD LUCK
TSLA EASY SCALPING IDEA (little risky) $$$TSLA is oversold on the RSI, and we may see a lot of buying pressure this week to close the gap we made today. Looking at previous RSI bounces, we bounced off levels 29-30 twice recently, so it is possible we bounce back when the RSI reaches around 29 - 30. Please keep in mind that my outlook on TSLA remains bearish, but it is more likely that we may see bullish price action in the short term
TSLA INCOMING BLOODBATH $$$As I said in my prior analysis, breaking this main support will be quite negative for TSLA, but this week we ended up finishing just below the key support that had been holding TSLA for so long, but now that we have broken it. Expect a bearish October in which we will test the next levels of support shown on the chart.
TSLA BULLISH AND BEARISH CASE SCENARIO $$$I've highlighted the critical support and resistance levels, where we see more volatility and volume. If we are able to break through that resistance, we will see bullish price action, and if we retest and see a pullback, we will see bearish price action. In both cases, you can use the support and resistance to your advantage.
TSLA SWING TRADEMy original setup has followed through so now we will take advantage of some small upside to come after the beatdown the past couple days... The 886 fib levels have been hit IEW the last local high to the swing low. Going to price action go green for a bit, so this may be a opportunity to get in on a bounce to some upside. No edge on oscillators, but it seems very practical to get market mercy. We are defiantly not bullish long term, as i expect to hit the 189-200 levels in the future. Thanks tradaaaas
Tesla Cup and HandleList of Important points:
1.Cup
The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs on either side. However, a “V” shaped cup also qualifies as a Cup and Handle pattern but the conviction is higher in “U” shaped due to the consolidation at the bottom.
2.Handle
The handle is usually the pullback from the higher end of the cup which may be rounding, triangle, or a descending channel. Usually, the pullback is about 1/3rd of the size of the prior advance.
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The smaller the pullback, the better is the strength of the formation and the higher the possibility of a breakout.
3.Volume pattern
The breakout from the handle’s resistance should be accompanied by increased volume thus confirming the same.
4.Period
The cup usually forms over a period of 1-6 months or even longer those formed in weekly and monthly charts. The handle ideally forms over a span of 1-4 weeks or even higher depending upon the time period of the cup.
5.Target
The projected target from the breakout is usually the vertical distance from the high to the bottom of the cup.
6. Stop loss
Traders may place a stop loss at the lowest point of the handle and may trail it to a recent swing low as the stock makes a higher high within the consolidation area of the handle; depending upon the risk appetite of the trader.
TSLA is very promisingTESLA has been in a trading range since the beginning of January 2022 after a massive uptrend started at the beginning of 2020.
inside this trading range, TSLA stock has been a small rectangle for the last few weeks.
a breakthrough that range will signal a potential long position taking for investors.
Buying the Tesla breakout!Tesla - Intraday - We look to Buy a break of 315.11 (stop at 302.98)
The primary trend remains bullish.
Short term bias is bullish.
Daily pivot is at 314.67. Short term momentum is bullish.
A break of the recent high at 314.61 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 344.98 and 349.98
Resistance: 315.00 / 320.00 / 330.00
Support: 305.00 / 300.00 / 290.00
All of our stock trade idea expires in 30 days.
Daily chart for context
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$TSLA Upside (Pending)$TSLA, is eyeing to test some important levels in the next few days and is looking like the momentum on Oscillators is starting to pick back up and will try to power through. If it can break through and successfully back test $313 range and HOLD, we have some blue skies to $330 and possibly higher. The opening tomorrow will give us an idea where we are headed.... What do you guys think? We busting through or getting slapped in the face?
Sell-off Exhausted | TeslaUS markets (S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve.
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
TSLA $TSLA Initial LongTSLA $TSLA Initial Long. This is a momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: TSLA is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
$TSLA - Bullish Channel Intact $347 price TargetLooks like a clear channel has been formed to the upside with the price target at the intersection between the top of the channel line and the Pennant line at around $347. All Moving Averages looks like a bullish squeeze and converge about to take place
Bull TrendSimple analysis-- NASDAQ:TSLA is fighting the 50 day MA currently, however it appears it may have broken from a descending parallel channel on the lesser timeframes. I believe this, concurrent with the bounce off of the larger parallel channel support line, signals a bullish trend up until our major resistance around the ~$360 area.