Tslalong
TESLA IMPULSE (OR) CORRECTION PHASE? I did Tesla analysis on Apr 12, 2021 and it hit $1200 exactly as predicted
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 is still going on and might go to the following
a) Calculate the length from the start of W1 ($70) and end of W3 ($900) = 900-70= $830
b) Calculate the length FIB levels ratios of this length of $830
38.2% ($830) - $317
50% ($830) - $415
61.8% ($830) - $512
100% ($830) - $830
127%(830) - 1054
141% (830) - 1170
6) Now add each of these levels to the end of W4 which is also the start of W5 i.e. $545, so we get 862, 960, 1057, 1375, 1599, 1715
---------------- Summary --------------
1) I believe Wave 5 is going to be an extended wave because Wave 1 & Wave 3 are of normal length
2) My prediction for Wave 5 is a minimum of 100% extension which is around $1375 ior
1599 ??
ppreciate everyone's feedback, happy trading
$TSLA breaking out of cup & handle pattern | Very bullish Tesla is b NASDAQ:TSLA $TSLA Breaking out of cup and handle pattern. Technicals and fundamentals both indicating new ATH imminent with potential to reach 2k per share near term.
$TSLA is breaking out of the cup and handle pattern that's been forming on the 4h chart. Confirmed bullish move as it gapped out of the handle channel today. Next area of resistance is around 1315$ where the 61.8% and trend line meet, so a new ATH in the 1300 zone seems to be an imminent target.If Tesla can break out of that strong resistance area then I think around 1559$ would be the next area of resistance since that’s where the 100% fib and the target height of the cup pattern intersect. If after that, strong fundamental momentum continues due to some strong upcoming catalysts such as ER numbers, Austin and Berlin factory updates or some other bullish news released, then reaching the 168% fib extension at 2k can happen quickly.
Either ways things are looking very bullish right now for Tesla .
Key areas of resistance and potential target zones:
Conservative target= 1315
Medium risk target= 1559
Aggressive target= 2002
Tesla We like at $1000 more than $1100 TSLA a very nice rebound going into last week. Not a huge fan of it here around 1100. I like it more near 1000 and 950. Possible it breaks through to test 1177.09 before it fades back to the 1000 magnet in the January downtrend. I'm still buying shares under 1000 as long as I can. Target is $3600 (current split) by the end of 2024.
TSLA in a make or break modeTSLA is in a decisive point now at the 65 min chart. I like using 65 min instead of 60 minutes to get 6 equal bars per day. As you can see it is currently above the current support line, if it breaks it, watch out below if it spikes higher above the resistance line, then we could start the new up trend. If it breaks resistance to the upside we could go to first target of 1120, if we break it to the downside first support is at 1040. I am no guru and thought of contributing to the community to learn more.
1/2/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: 1.061T
Current Price: $1056.78
Breakout price: $1117.50
Buy Zone (Top/Bottom Range): $1028.30-$950.15
Price Target: $1230.00-$1244.25 (2nd), $1440.00-$1488.00 (3rd)
Estimated Duration to Target: 60-64d (2nd), 146-150d (3rd)
Contract of Interest: $TSLA 2/18/22 1100c, $TSLA 6/17/22 1400c
Trade price as of publish date: $76.30/contract, $73.00/contract
Tesla (TSLA) | The best place to buy🎯Hello traders, TESLA in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the wave counting logarithmically, but because the structure of the previous waves was not clear, we left it out.
Based on the count that was done and according to the channeling done, we realized that waves 1, 2, 3 and 4 are complete and now we are inside wave 5 and from this wave we are either at the beginning of wave 5 or at the end of wave 4.
Wave 4 is likely to end in a zigzag pattern, and Wave 5 will break through the channel and the red circle will rise to the specified targets.
But if the 980 support is broken, Wave 4 will be complicated and will fall at least to the previous price floor.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
TESLA BOTTOM and run into Earnings?There is a wolfe wave setup on the 4 hour time frame with extended hours ON. 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 approx 1200 by Feb 2022; however, there is a 4 hr ttm squeeze which may introduce short term momentum that may drive the share price to 1032 (21 day ma) 1047. If a short squeeze develops, then the share price of tesla may run towards 1243 on the the earnings run up.
TSLAWith last week’s dip Tesla, Inc. (NASDAQ:TSLA) filled the gap from October, while the stock clings to uptrend support and holds up just above the prior breakout spot at $900. As long as it holds this key psychological area as support, I would feel comfortable to start a short-term long position. MACD is also displaying a positive divergence indicating trend reversal. Might bounce next week.
TESLA- Possible New Rally InboundHope you like our chart. It's the simplest and most beautiful art of technical analysis, a single trend-line.
Nothing is guaranteed, especially in such gloomy environments, with the chances of a generalized correction over our heads but we trust our chart.
This chart is telling us to look into buying Tesla again.
One love, one drawing, many expectations.
the FXPROFESSOR
Selling pressure till the new yearElon still has a ways to go until he's done selling 17mm+ shares equalling 10% of his ownership. With that being said, I can't see large institutional investments being placed into his selling. Along with the fear of persistent inflation and hence margin pressure for the company, continued short-term selling pressure till the beginning of the new year is possible.
Do you agree or disagree, leave a comment!
*not financial advice*
$TSLA Tesla-Simple Technical$TSLA Tesla Motors This Week Analysis
NOTES:
-There was an RSI Convergence between December 01-08
-- WHAT IS RSI CONVERGENCE?: RSI is showing an uptrend while the chart is showing down. There will be an upward price movement/change. This is opposite of RSI DIVERGENCE
-$TSLA is currently at $981/s
-Watch the line at $945 -- if it tests the line there should be upward movement -- if it breaks the line in downtrend it will move lower.
- AFTER RSI CONVERGENCE there should be an upward trend movement this week
- Price should bounce at 995 and move towards 1,100