Cybertuck Go Crash? (TSLA)Woah, woah, woah hey now!
It's ya big homie coming at you with another one of these fire TA 🔥
I got the daily pulled up on the big wild beast TESLA.
Elon could be calling up his A.I. hedge fund from Mars right now telling them to go short.
Or is Elon hoping in his Cybertuck to go fuel up the rocket?
We got the compression showing indecision.
Let's factor in the run from the recovery process.
Lots and lots of green.
When the compressed doji crosses over the green brick under it. Strong sign of a short.
We at the indecision stage.
I say fire short here at $725
With roughly a 3 - 5% stop 750 - 760 / Reverse target hit than go long
A break above $760 I think would lead to a massive surge.
Crack $700 I think it sells off
Based on the fact that if you look at like a 6 hr chart. It's overall pattern on these style of timeframes look like a massive cup. Which is bullish. I just think we are a little to overextended and could cool a little bit.
If I had to put price targets.
If it goes short I think next we can shoot for the $640
If it broke long than really the only next level is $900.
Break those targets, well than you are looking at a strong trend continuation
Those will be very important levels.
Right now we are at that sweet spot. Zone in on it.
Tslalong
Why TSLA will make New HighsHi Traders! Hope everyone is just as excited as I am with the opportunities the markets are giving swing traders these days.
Today, we are going to begin analyzing TSLA and its bullish case and how TSLA may be the trigger that leads to true capitulation in the stock markets.
Above you see the long term weekly view of TSLA. It is creating a rising channel that we can start to take seriously. If you had this channel drawn out you would have perfectly timed out the low the week of June 3, 2019.
The next image I examine instances when TSLA stock was at extreme overbought conditions. These are common during wave 3's. Wave 3's are typically the longest/strongest waves during a cycle. The wave that preceding impulsive wave 5 normally undergoes a divergence, signaling the trend is slowing.
What is happening now?
A wave 5 ending diagonal. Currently TSLA maybe consolidating into a wave 4 that could propel it to $1200 - $1500. The reason why I am beginning to think this may be an ending diagonal is the manner in which wave 4 has overlapped wave 2. You only see that in diagonals.
What am I looking for next?
If TSLA begins making new highs, there is a risk price is getting out of control and I'll be looking at this as a wave 5 extension and aiming at the top of the channel range for exhaustion. On the other hand, if TSLA continues consolidating in waves of 3, it is conceivable that it could be within a triangle consolidation.
Short term bullish on TSLA. Thank you for reading my analysis. Like, comment and follow if you enjoy this analysis and would like more content!
TSLA LONG SET UP ON PULLBACKGet READY FOR A ROCKET
A Peek Into Tesla's Price/Earnings Ratio
Looking into the current session, Tesla Inc. (NASDAQ: TSLA) is trading at $494.45, after a 5.64% drop. Over the past month, the stock decreased by 34.02%, but over the past year, it actually went up by 84.67%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders
"SpaceX identified a valve motor on the second stage engine behaving not as expected and determined the safest and most expedient path to launch is to utilize the next second stage in line that was already at the Cape and ready for flight."
TSLA Think it can keep pushing its way to 650 area which will be an interest zone for me to watch. Around 650 is the 50% retrace with the overall market drop. It is also the area where wave theory would align with a-b-c wave c up to be completed.
If it rejects around there, I’ll lean to downside and look for a small position short. If it breaks through, could indicate this is an impulse wave up and could have continuation higher.
I only try and limit myself to small trades on TSLA due to the volatility but it can be traded if you take your time on it
Only noobs are shorting TSLA here. It will go above 1000.First of all I like to emphasize how extremely happy I am about this rally.
The shorters really had it coming. The incredible amount of arrogance they displayed just had to be punished. And a severe punishment they did receive.
Now of course everyone is thinking that this here has been the top. However, if it would have been the top, the correction would have been much more severe.
Instead, we saw a correction pattern in a huge continued rally.
It really is very similar to the huge runup in 2013. Therefore I think we'll continue up above 1000, much to the dismay of the poor shorters, who are really poor now
in the truest sense of the word.
Anyone who doesn't understand why Tesla has this rally, why they are so disruptive, why they will grow much more, should really do some reading on disruptive
technologies and Kondratiev cycles. This company marks the beginning of a new era of rapid innovation. Tesla is much more than a car company. They build
solar arrays. They build energy storage batteries for renewable energy farms. They are also a software company. They are soon an autonomous carsharing fleet
company. They have the most advanced AI neuralnet, years ahead of anyone else. They have by far the biggest supercharger network. The lead to the other carmakers
who are struggling to even build the first generation Model S, is just INCREASING, not decreasing.
Tesla is going to change the world. It already is doing so. Anyone who doesn't understand that, should really do some proper research, and not only read CNBC clickbait news
headlines and FUD.
TSLA TSLA gave up demand zone around 500. Next demand zone only being 30 minutes I think will react a bit but don’t think enough buyers there, pointing to my price target to watch around 430. Right now staying out of any trades here. Giving up 500 demand zone I think really opens the gap between next strong supply/demand zones = too much chop/uncertainty.
TSLA long entry.TSLA long entry. The analysis shows a closing value ATR symmetry. This is indicated by a yellow thin rectangle. This means that the wave motion tests the closing values symmetrically. This is an indication that the exchange rate has entered an accumulation phase. It can also be seen that the correction range of daily D1ATR was not lost by the decrease. From these two signals, I conclude that the exchange rate is moving north from the lower D1ATR correction level (814.71usd). Since the correction level is from the bottom rather than the 50% level, it is possible to have a lateral movement or build a wider accumulation range. But this level, in my opinion, might be suitable for taking a long position. Target Price: 1144.10usd.