Tslashort
$TSLA poised to drop🔸️Ticker Symbol: $TSLA timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: After poorer then expected CPI data this morning, a sharp decline in the market has led us to believe that there is still some red left in Sept. As we come into Friday; which we have OpEX, stocks are set up to drop even more.. as smart money has been loading up on put options. My entry will be $296.32, about the .5 retracement of the order block from the marked Order Block/ Supply level. I will have my stop set up just a little higher than the supply level; and will target the C wave/ swing low that was set today. This is a 10:1 risk to reward, and about a $8 dollar drop in TSLA.
Looking at Trendsi Dashboard, it's easy to assume that this rise to our entry level will put us at the upper red band of our regression channel; money flow will be in our upper red band; and as we continue to back test these indicators, they have been spot on when determining future price movement. Using technical analysis and these very powerful indicators; I will be buying ITM options, for next weeks exp date.
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TSLA heading lower or bouncing up from support ?NASDAQ:TSLA
TSLA on the daily chart has mid-Fibonacci levels on the retracement of the uptrend serving
as support. The MACD has the K/D lines with a crossover above the low amplitude histogram.
So the question is wil TSLA break those supports and head lower or instead
will it bounce off of one or the other and uptrend towards overhead resistance.
What is your optinion?
Tesla down trend !Tesla broke the uptrend before 2 months and more .
We still under selling pressure .
The green line is the uptrend , the yellow is printed new down trend .
Our top target is 296 maximum
Our down target is 206 and i will study it again after we reach there .
I spoke before that we will have a sort of pull ups due the over sold in RSI DAILY.
Weekly we still high enough to go down more than 206 .
WE ARE IN RESCISSION , Dont FOMO
Good luck all
TSLA Slide ContinuesEarly in the Week: TSLA & IXIC, along w/ the market as a whole have performed poorly the week after Labor Day. With the current market, I expect things to get very ugly this month. I see all kinds of resistance above TSLA's current stock price of $269 and very few things to stop a freefall to $253-$251, which is my current price target where some more serious long term and consequential levels will come into play.
Late in the Week: Watch for option strike pinning later in the week - thursday (9/8) and especially friday (9/9)
Current Option Open Interest Key Levels
Calls:
<265 - 821 or less - very weak
265 - 4,817 SOFT PIN > 265
266.67 - 4,387
270 - 3,941
275 - 3,034
280 - 3,844 HEAVY PIN > 280
285 - 4,473
290 - 5,298
295 - 3,296
300 - 8,994
Puts:
250 - 8,119
255 - 3,259
260 - 3,924
265 - 6,376
270 - 4,235
TSLA Strategy 05-Sep-2022 @ 1 HR Bias: BearishTSLA Strategy 05-Sep-2022 @ 1 HR Bias: Bearish
Bulls:
1. Bullish Divergence at Klinger
Bears:
1. LH, LL
2. Came back from strong resistance at 313
3. Created double top @ 313
4. Broke Trend Line
5. Bearish trend continued for min. 90 Days
Bias: Bearish
Plan A:
Sell @ 263.5
SL: 304
TP1: 247
TP2: 229
Plan B:
Buy @ 290
SL: 264
TP1: 315
TP2: 340
TSLA looking weak SHORTTSLA is continuing to trend downward while China is melting down
and the TSLA giga factory is underproductive.
The chart shows a fall from the upper trendline of resistance
confirmed by the MACD lines flipping above the histogram.
Targets for the trade are the mid-range Fibonacci levels in the
retracted of the up trend so about 258 and final take
profit heading towards all earnings where the current trendline
hits the horizontal support at about 205 about October 1st.
Stop Loss nominally at $10 above the current market price.
Accordingly expecting a reward to risk of more than 5 to 1.
All in all, the short setup or put options appear to be
an excellent setup,
The best question is whether others in the sector are
following the market leader and dropping even faster or
instead, are they holding up better because they have
less China exposure
TSLA descending widening channel MEGAPHONE SHORT NASDAQ:TSLA
TSLA on the daily chart has a megaphone pattern showing increasing volatility as the price action is downward.
Supportive and resistance trendlines are touched multiple times. At present, the price is also at a horizontal S/R line being the 2021 year high.
Another horizontal line is the double bottom of Spring 2021 forming a support zone.
My analysis is that TLSA will downtrend from here heading down until the mid-Fibonacci
retracement levels and perhaps further to support zone at 188-208 and potentially lower
if short sellers aggressively gain directional momentum.
I have taken an out-of-the-money put option with a strike of $ 200 for October 21st mindful of the earnings date.
TSLA SHORTAs on the chart, TSLA is hitting heavy resistance and appears
to be setup to short. The whole China economic meltdown
and the NVDA issue with regard to China is weighing heavily.
Thus, TSLA has technical and fundamental headwinds.
Accordingly, this may be a good entry to short or get some
put options.
As an asidem the inverse ETF for TSLA, TSLQ is sitting
on horixontal support and looks ready to head upward
making it a low cost TLSA play.
Tesla stalling? Tesla
Short Term
We look to Sell at 282.85 (stop at 294.03)
Previous support level of 280.00 broken. Posted a Double Top formation. The bias remains mildly bearish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to sell into rallies close to the 282.00 level.
Our profit targets will be 249.72 and 216.00
Resistance: 280.00 / 313.00 / 383.00
Support: 249.00 / 217.00 / 207.00
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TSLA 7D chart UPDATE POST SPLIT / FED NEWSTSLA as shown on the weekly chart
has hit the top of a megaphone pattern ( increasing volatility)
where it printed a Doji candle to demarcate a reversal
while the relative strength topped out testing its Ichimoku Cloud
but failing.
The ADX has little magnitude ( distance from zero) nor rate
of change ( momentum) and is now pointing downward.
All in all, TSLA on the weekly chart is at a bearish inflection
in the context that TESLA has put out more news about impending
layoffs.
TSLA SHORT NASDAQ:TSLA
TSLA on the 4 hour chart appears to be in a downtrending parallel
channel and presently at the upper resistance boundary of
the channel. This could also be a megaphone pattern as the channel
is widening a bit as it descends. I see the horizontal resistance of February 2021
market high as resisting any breakout to higher prices.
I see horizontal support below at 190 from the market lows in March and May this year.
The MACD oscillator is in mid-range as is the RSI oscillator. The latter shows
some bearish divergence suggesting an impending reversal.
I see this as a short setup to synergize with the general market
the downturn from the current market price to 190 or until just before
the earnings report in mid-October. This is about $100 of profit
I will set a stop loss of $5 above the current market price Thid
is a great reward-to-risk ratio even if the price gets jammed up
at Fibonacci retracement levels on its way down. The low-costTR bearish ETF
is a consideration as are out of the money put options.
2X $TSLA 1D Tech. Analysis! (DBL TOP/M Formation) (1:4 R/R) TSLA is headed for a downhill ride if this pattern plays out! Some may say a stock split is coming up but that only changes the price the chart is traded at! Do not buy calls unless you are scalping for a day trade, but I am bearish on TSLA based off price action!
2X $TSLA 1WK HEAD & SHOULDERS!TESLA is going to have a stock split, which will probably have the chart trading from the $350 area, but this still doesn't change the price action/technicals of the chart! Look for puts now and sell around these areas! The weekly head and shoulders pattern still has to form but on the Daily and 4HR timeframe you can see a double top forming as well. Tesla stock has been dropping all last week to so this is a clear sign!
TSLA SHORT now SETUPNASDAQ:TSLA
TSLA has hit heavy resistance on the 2H chart as it
came up on the heavy sell order zone and the POC of the volume profile
TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics
The RSI is decreasing with a rise in price showing divergence and suggesting
TSLA is about to roll over. The Choppiness Indicator is still moderately elevated
showing buyer. seller action is sideways.
All in all, I forecast that TSLA is set up to short ( or via put options ) with targets
of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above
the top of the sell order zone.
Please review and offer your opinion in a comment !
( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over
time as the key data for the analysis)