Tslashort
TSLA is going to 500! (maybe. this is how it might get there) I believe Tesla will retrace to hit the anchored VWAP from '20 low, as well as the 618 fib from the same low, and these also align with a massive support trendline off of the log chart going way back. The timing of the current rally, Fed meetings and Tesla earnings are taken into consideration. Curious to see how this plays out, feel like this will be the last block to take a hit like this but as much as I respect the stock, it's hard to see it sliding through without that final major drawdown and what better way than a four-touch culminating in a double top?
TSLA $800 area possible target near termFibonacci levels and Elliott Wave targets stacking up near the $800 level as a possible destination in the near term.
TSLA appears to be starting its C Wave down of an ABC corrective sequence that started from 11/4/21 all time highs.
C waves require a 5 wave structure. This current move down may be the 3rd wave of the C.
If so, the 1.618 of wave 1 has a target of 813.
Multiple fibonnaci levels and a Demand zone block are converging in the same area $800-815, and could provide support for a bounce once the target is hit.
TREND CONTINUATION (SELL)TESLA has been on a downtrend for a few days now. Yesterday, we saw some pushback but that price movement was not able to break above structure so BEARISH continuation is more likely to occur. Next target $580 !
Was TSLA Tesla Sell-off Predictable ?Of course it was! When we saw the Double Top Bearish chart pattern confirmed here, at $1130:
At that time both Elon Musk and Ark Invest were selling the shares at the top!
And there were people still buying them!
New Key price targets to watch:
$595 as a strong support before a potential reversal
$720 as a strong resistance after the reversal from the Falling Wedge Bullish Chart Pattern
$420 -$475 as a Buy Area (strong support and decent valuation)
Looking forward to read your opinion about it.
TSLA Jun-Aug near term target 550Following last update, TSLA hit top descending resistance and dropped like a ton of bricks, slicing through the 700 resistance level.
This on the back of Nasdaq broad declines, Twitter uncertainty and sexual allegations against iconic Musk.
Near term looking potentially find support ground at the 550 levels, depending on Nasdaq potentially recovering from 7 weeks of black candles.
TESLA : Margin TradingA controlled short attempt..
I cannot predict the leverage and margin parameters of the brokers.
But it should not exceed 7 leverage.
No more than 10% of the total cash held should be given for all of this trade.
In the rising scenario, buying can be done before the stops.
Leverage is 7. (For all trades.)
Maturity : Same for all trades.
As a term, at least 3 - 6 months and the same maturity is recommended.
(It can be calculated at the same rates from the dirty prices there.)
May our way be clear.
My opinion is firm.
If price hits 1608.5 , this trade will be unsuccessful.
I will try to interpret the trend as much as I can according to the price movements.
Regards.
$420 blaze itIt won't be long before Musk followers turn on him.
This meme stock loves meme numbers, so I un-ironically expect it to correct down to a round number of $420.
Oh and it's underwater on it's Bitcoin PR stunt. And Bitcoin looks bleak as ever, it surely wont sit well on shareholders that their worshiped CEO gambled away all that money on a ponzi.
SHORT TSLATSLA downside looks like it's just getting started...
TARGET 1: $522
TARGET 2: $350-$400
TARGET 3: $275
TARGET 4: $185
I don't know if all downside targets will happen, but I think we see $500 range relatively quickly and can reassess from there
$TSLA declineDownside levels I see on TSLA. Think this could have mega short momentum in the near term. Very volatile but panic is just creeping in. If $TWTR drags on the doubt builds.
TSLA Tesla removed from S&P 500 ESG Index!If you haven`t seen my double top chart pattern:
Tesla doesn’t have a comprehensive low-carbon strategy, according to S&P Dow Jones Indices.
Apparently Tesla has issues including racial discrimination claims against the company and a government investigation after crashes due to its autopilot vehicles.
In Musk tweeted that he was considering taking Tesla private at $420/share and had “funding secured”.
I think in the worst case scenario we could see TSLA visiting that strong support of $420.
The most likely is a sell-off to $577.
Looking forward to read your opinion about it.
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 $800 which is a level where profit taking will occur. Any pullback should be bought especially premarket gap down.
Bearish on TSLADrew in my levels last night, but hadn't published them yet. It's definitly going to be an interesting day in the market.
TSLA showing weaknessTesla is under major dynamic and horizontal resistances which lead us to believe that more downside is coming. Be cautious! - HH
TSLA Daily Channel Going To FALL !!!as you see the price is on the floor of the up-channel and we expect down break out very soon or up-reflex that have lower possibility than breaking out the channel, and than the price will go down to the Price.leves that is on the chart (very strong)
next Targets after B.O
539$
500$
or maybe more..
$TSLA continued downside pressureAlong with previous short/put ideas, TSLA also has the added issue of its Meme stock leader selling billions of dollars worth of shares, whether to fund his $TWTR buyout or not.
Tesla Follow-up with More Detail $550??I have doubled my short position as of today.
Earlier this week, I posted a rather stale chart of Tesla (lol). At any rate, here is what I see from a technical perspective:
Double Top
Lower Highs
Rising F-Flag (bearish)
The CEO out there meme-ing in real life.
It's a set up for a complete catastrophe in $TSLA stock.
I think $500 - $550 is probably.
God bless,
Chief
TSLA - TESLA Run - GAP - CRAP PatternThis seems too obvious to be true.
But the facts are the facts.
Besides the Run-Gap-Crap pattern, there is much more to recognize:
Watch the grey up-sloping pitchfork:
Price ran above the CL and now is pulling back, even closed below. This is a clear short signal. And it's in line with the yellow Mini-Pitchfork's CL too.
Another tool I use often are the sloping A/R lines, also in grey. I use them for timing, and even they intersect the confluence point at the pitchforks CL and the yellow downloading Trend line.
And even oscillators are telling their story too.
LEAP options are my favorite instrument in this case to play this move.
Tesla Short | $TSLA OutlookTesla appears to be failing against all-time-highs. I will look to enter a short position and will update here once the transaction is complete.
Tesla going to $608 region
@ElonMusk do you want the bad news first ?
I see a complex correction W-X-Y and the bad news is that waves X and Y will reach equality at about $608.
The good news is that you might still take TWRT
TSLA 1D SUPPORT/BUYTSLA 1H support is at ~$956
Enter 50% at the current price
and try to set some buy orders near the support zone
If TSLA holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
TSLA Bill Gates $500Mil short position in TeslaDespite having a great quarter: EPS: $3.22 vs $2.26 expected
Revenue: $18.76 billion vs $17.80 billion expected, Bill Gates is still holding his 500Mil short position in TSLA.
There is a conversation circulating on twitter in which Musk asked Gates: “Do you still have a half billion dollar short position against Tesla?”
and Gates replied: “Sorry to say I haven’t closed it out. I would like to discuss philanthropy possibilities.”
Maybe this strong growth and 1.4Mil cars expected in 2022 are already priced into the market cap and a correction is possible on such a high (still) P/E ratio for the auto industry!
ARK also sold an important stake in TSLA this week.
Key supports are $906 and $765.
Looking forward to read your opinion about it.
