Tslalong
TSLA LongTSLA has been consolidating for a little bit now, This stock is currently at a 61.8 Fib Level, 2 Hour Upward Trendline and a 2 hour support. Market structure hasn't been broken to determine change of trend as of yet. I am still in calls and looking for next projection of 1547.35 with final projection of 1596.00
No investment on TSLA until breaking the trading rangeThere is no doubt that for the moment an investment will be very risky, what you need to do is to wait for the breaking of the rectangle (trading range), and once it pullbacks, buy or sell at where the arrows point to. There is a high probability that it's right.
Now don't forget that the trading range may last for long, the lines I drew are here to show you what to do when it breaks.
Interesting TSLA movementTSLA has been underperforming the markets recently and seems like the past 2 weeks' accumulation has led to a gradual but steady sell-off.
TSLA pattern looks eerily similar to the dump back in feb/march. Will the same pattern play out and have TSLA retest the 200 DMA?
My opinion:
1) I don't think we go down to 200 DMA because TSLA has outperformed every auto company and the worst is over.
2) We may go down to the 50 DMA which is around 1300-1350.
3) I lean more on the bullish side and I think we will see a healthy move back towards the 1800 level before battery day. If it can hover around 1400, I really think 1500 is likely in the next 1-2 weeks. TSLA needs to see an influx of volume, though.
We saw today dip to 1385 but recovered above 1400 which is a good sign. RSI indicates oversold and I have never seen volume this low before. Low volume and declining price generally is a bullish indicator. It comes down to the timing, really.
TSLA LONGTo all you bears out there, Fuck you lmao.
To traders shorting it, I would advise not holding it for more than a day.
To all Bulls, we know what's going to happen.
TSLA will hit 2000 in 2-3 months. Mark my words :)
TSLA is the best selling EV in the world. There is no competition. Their factories are being built at insane speeds and they are scaling. The world is trending towards renewable energy and TSLA is not only in the EV market but in the solar energy market as well. Countries around the world are buying TSLA powerpacks and solar panels.
TSLA bears are the ones buying shit stocks like NKLA, hoping it will moon like TSLA. But if they did any research, they'd soon find out that NKLA is an absolute scam of a company.
All these SPAQ mergers going on with other EVs? Be careful. Perfect for insiders to run away with profit and dump stock, leaving people bagholding it.
Anyways, this is my last post on TSLA. I'm pretty much 80-90% in TSLA so I put my money where my mouth is.
I'm Still Bullish on $TSLARight now, there are two critical points I am looking for in regards to Tesla. The $1450 price point resistance is about to be broken, and the $1500 price point will be broken shortly after (as we seen last time this happened), then many of the neutral patterns would also be broken. I think the resulting positive wedge would be much bigger then the wedge from the time this happened previously. Also, if we are on wave #3, with more positive support, at the very least I'm think it can pass the $1750 price point (more than likely even the $2000 price point) in a matter of few months. I'm being conservative, even though I would still classify this as mid risk. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution.
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move.
If you know me, you know these are the type of opportunities when I look for the next long term investment.
Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition.
I currently have a lot of size sitting in on dow jones index short as it is playing off previous high.
The name of the game. Find the trend reversals and play with good risk management.
I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is.
Best of luck.
You Choose To Make Trading Complicated... Why?You will never control where the market goes next... unless you are a market maker with very deep pockets.
Stop trying to predict where something will be in 6 months and focus on what's happening now.
Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets.
Here we have a chart of tesla.
Custom Candles, Ema Dots Indicator and The Custom RSI
We leverage the candles as confirmation of what price action wants to do as of right now.
If we have strong engulfing candles we NEVER chase.
You need to manage your risk on these compression points.
What we do is focus on the compression points of doji candles as they can shift signs of indecision and potential market exhaustion.
Then we align with the ema dots and rsi for correlation to leave overbought/oversold territory to identify the next major trend.
If you can manage a tight risk on capital on the trend turning points, that is how you win.
You have to risk a little to win big.
If you enter a trend shift and don't set a stoploss and the trend goes against you... that is how a large amount of traders blow their accounts.
You need to understand to manage risk and have the correct setup to identify the best trends in the markets.
It is inevitable that you will catch the next big trend if you play the trends correctly.
Filter out most of the noise and utilize a larger timeframe. Smart money let's their assets work for them over time.
TSLA LongI see this heading back up to the 1596 level it did break my hour uptrend line it could also retrace back down to fill that gap around the 1270 handle however I don’t think so. I think we are overall still bullish with minor retracements. I’m still buying unless the market tells me otherwise.