Tslalong
TSLA Breaks Trendline and Double Bottom Neckline!TSLA recently broke the trendline on the daily chart. It also broke the neckline on the "Double Bottom" pattern (see the daily timeframe).
Since the break of the trendline and time of the post, TSLA has moved approximately 51 points above the break. A screenshot is provided below for quick reference.
Have a great weekend,
MrALtrades00
TSLA idea The Tesla arrow is moving in the form of a descending corrective channel and reached the golden area of the big bullish wave and touched the bottom of the channel, in addition to the matching of the two Fibonacci levels with strong areas
Strong buying opportunity on the stock
Follow us for more ideas
TSLA Time To buyafter a bearish trend and the creation of a ''Double Bottom'' pattern, we will wait for the confirmation of the breakout of the ''neckline'' after which we can take the buy position
TSLA: Tesla will get into trouble because of Elon Musk - 19%Today we're here to talk about TSLA
Today: Tesla shares are trading at 649.95. And the company looks clearly worse than the market. It is obvious that the company is highly overvalued and therefore the market needs a correction. I believe that Tesla shares need to be corrected by another 19% of the current value over the past 2-3 weeks, and then their price will be quite market. Thus, the shares need to fall down to the level of 535 - 500 dollars per security. And this is in the region - 19% of the current level. At what, as I believe, the fall will be quite sharp . And it will be mainly caused by public accusations against Elon Musk on manipulations with cryptocurrencies. After all, the fall that is now developing in the cryptocurrency market makes it possible to assume that Elon was engaged in exchange manipulations and at the same time warmed up the audience by selling goods and services from Tesla . Already, a wave is rising in the press, which will hit the value of shares up to - 19%, which will cause its sale.
Based on the above, I recommend:
If you want to go short:
It is better to open short positions from the level of 700 - 680, but limit your losses.
If you want to buy:
Buying now is too risky. It is better to refuse them or take them at a price of 535 - 500 dollars per paper.
If you are not in the market:
You can try to go short from the 680 level or wait until the market bottoms around 535 - 500 and then buy.
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Daddy Musk bout ta Get SomeUpdate from previous idea that encompasses bigger picture at play:
Summary
- initial target is 730 (near term); confirmation/entry above 681. I have calls with strike at the entry (Jun 17 680s) because highly likely it will retest this resistance (which is also the beginning of gap created yesterday on 6/13). My prediction is that it will break above entry and begin a very explosive run (see "Explaination" section below)
- Intermediate target 1 = 821.70
- Intermediate target 2 = 955.50
- Goal Target = 1400 ; this will be Primary wave 5 (circle 5). *Note: I do not expect 1400 by July, so to alleviate confusion if you read the chart as such, I just wanted to capture everything in 1 chart while still showing the mechanics of the harmonics within
Explaination
- The general pattern since intermediate wave 3 = primary wave 1 has been a break of downtrend line via bullish harmonics (these are labled throughout the chart)
- The most recent price action, which I am suggesting playing long (BUT THIS IS NOT FINANCIAL ADVICE), is very bullish with a gartley coming off a butterfly to complete a 5-count Z (which completes the triple combo corrective wave, Primary (circle) 4)
What this means for the whole market : I think it has become undeniable over the recent years that the market (including the crypto market) has become highly correlated with TSLA price action, especially the big moves of TSLA - which tends to drastically affect market trends. Papa Elon is aware, don't let him manipulate you the wrong way... this planet you call earth... is not home to him. If TSLA is ending its corrective wave slightly before market, as this setup suggests, please expect the market to follow.
With Intent,
Random TSLA Graffiti Artist AKA obvious & typical "Muskie"
TSLA weekend reviewHere is the same chart from last weekend as a reveiw. See how the predicted Orange oval area played out & $TSLA challenged both the current down channel (White) as well as the one from NOV (Blue lines)?
We played calls on $TSLA on Tues & Wed for nice gains, and remained flat on the stock for the remainder of the week. I will work up a new analysis for next week on TSLA as soon as the Volatility Range Algo is finished computing
TSLA Time To buy after the downtrend that we had we will see a big movement of an uptrend we can take the buy position after the confirmation of the range breakout
$TSLA’s inverse head-and-shoulders$TSLA displayed good relative strength in the past few sessions as the company managed to get past recent headwinds and has been upgraded. From a technical perspective, the chart is forming an inverse head-and-shoulders pattern whose measured move could take the price back to $850. We bought some $800 calls for the middle of July in anticipation.
TSLA Mid-week analysisA follow up from this weekend's Multi-Channel Review.
$TSLA $724 sure seems logical for today...the DECISION POINT is HERE & NOW!!!
TSLA Time To but after having a candle with a large weck ''SprintBox'' and a large volume we can take the buy position
TSLAPurple box may be next if we can't be held around 700 lvl.
Perfect run up and sell into the support and resistance zones laid out.
I think TSLA put in a major low at $620, should be up big picturCharts still look good to me macro, think $620 will be a major longterm low.
TSLA Long to 788.36Looking for a rally on TSLA this week. We have broken 4-hour resistance to the upside next projected target would be 788.36 We will adapt to the market sentiment and plan accordingly.
TSLA Long - near term target $800TSLA - fib set up with a -23.6% target of $797.31...
Looking for possible $800 test and pop through the level.
This particular set up recently triggered near $740, with a stop below the pivot low of $730.92. The R:R on this setup is approximately 5.2:1.
Needs to get through $750 for higher conviction for follow through.
Also, the hourly 200sma should be resistance near the $800 level. I am looking for price to reach the fib target, and the hourly 200sma.
🔋TSLA — consolidation in a bullish triangle●● Preferred count
● Tesla, Inc.🕐 TF: 1W
Fig.1
The lateral correction appears to form a contracting triangle , presumably in the subwave (B) of ① of the large ending diagonal V .
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● Tesla, Inc.🕐 TF: 1D
Fig.2
In a contracting triangle , wave C is forbidden to go beyond the end of wave A . On the graph, this level is labeled as "invalid." . A breakdown of this level will remove the counting of the triangle from consideration and open the prospect of forming a correction in the form of an expanded flat .
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● Tesla, Inc.🕐 TF: 4h
Fig.3
Within the intermediate wave degree, an upward single zigzag D is expected. This will be followed by a decline in price within the final subdivision by wave E , which will complete the triangle (B) , opening up the opportunity to open a long position.
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●● Alternative count
● Tesla, Inc.🕐 TF: 1W
Fig.4
In an alternative wave count, it is assumed that the triangle is unfolding by the primary wave ④ . The counting has a number of disadvantages, for example: wave B of (4) is more than 200% A ; the wave (1) of ③ on structure more likely a triple, rather than an impulse . All this forces a seemingly obvious wave count to be kept as an alternative scenario.
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Tsala I call it a LOWIts beginning of a new trend and a potential to make at least 23% as an investment holding!
Reason: NQ future is breaking out and the lows were broken.
Tesla $TSLA potential bottom callDoom and Gloom everywhere. Stocks are doomed. Crypto is doomed.
$DXY looks ready for a correction. 8-10 %.
Stocks could catch a break for 1-2 weeks.
I've had my eye on this broadening wedge for months giving Me a perfect short opportunity.
A turn-around could be close.
Tesla will vibe among the leaders of this turn-around.
TESLA SETUP and BREAKOUT ATTEMPT Part 1There is a wolfe wave setup on the 4 hour time frame. 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 using this 4 hour period is greater than 900 which is expected to reach this price target before Aug 2022. This particular pattern allows us to position long term contracts at specific time periods. Short term target is $800 which is a level where profit taking will occur. Any pullback should be bought especially premarket gap down.
TSLA going to demand zone before rocketing?TSLA reversed into a short and now going to pick orders at the demand zone indicated which will likely be followed by a hunt of the triple top. Look for reversal patterns within the indicated range to go long. GL
TSLA Bttom Support we dipped below the strongest support the 700$, however we close 1D candle over the 700$, that show us the strength of that support , if we want to make this our bottom , we need to hold above the 700$ and test again the current RS around the 833$, cause if we have 1D candle below 700$ SP , we will see a new support test above the 550$.
and still the 947$ is the bullish confirmation for TSLA if we close 1D candle above and hold .
Tesla: Short term bounce? Tesla
Short Term - We look to Buy at 701.22 (stop at 660.02)
We look to buy dips. We have a 78.6% Fibonacci pullback level of 539.49 from 1243.49 to 690.15. A higher correction is expected. Expect trading to remain mixed and volatile. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 809.77 and 910.20
Resistance: 900.00 / 1000.00 / 1240.00
Support: 700.00 / 600.00 / 540.00
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TSLA TESLA LONGtesla have reach a strong area of daily demand that is inside weekly demand, we expect that the price will rebound to the mentioned areas.
good luck
