Tslashort
Trade Opportunity Coming $TSLATesla recently broke out of the $690 resistance and there is a large sell wall at $750. Take profit area is first at $740 then $750. There is also a short opportunity here if Tesla breaks to the downside. Watch for a $709 downward break to go short. Volume has slowed down in recent days and plenty of catalysts coming tomorrow (Jobs, unemployment, anything Musk says...).
TL;DR
Long: break out of $725 triggers buy. TP1 = $740 TP2= $750
Short: Break of $709 triggers sell. TP1 = previous resistance @ $700 TP2 = Gap fill location $685
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
TSLA explodes higher into August 2021 with defined targetTSLA has been a trading like fud for the past few months and this was expected after a parabolic move in 2020. The monthly setup shows a high tight monthly darvas setup. The TOSOPTION algorithm on the monthly continues to trade long. If the upper channel of the darvas gets taken out then TSLA moves to 1126 which is our fibonacci 1.272 extension. With earnings around the corner, the price either reaches the target pre earnings run or post earnings. We have opened a series of directional contracts for July 23 800C. A close above 665.59 on July 9 would be ideal for tsla to push higher next week into July 13 and July 14.
breakout of tsla, be awareTsla for most of the week has been repeating, sideways and bullish to rejections!
squeeze coming be ready and as for the options trading remember to add stop loss, tsla deals with alot of volatility, if u do not understand ur setup or are nt getting any opportunity wait or do not trade hot stocks like tsla
It will once again a good day for those who will be at the right side
Did Tesla really reach the low?Did Tesla really reach the low? - the answer is YES! (Probably) as we did a analysis weeks ago providing the 0.66 of the Fibonacci as the low but for the people who think its over you can still daytrade at the VAH or at the top blue line and take a short position since we're still in a "Range"
TSLA LONG on the Daily algorithmTSLA S3XY algorithm initiated a long position on the daily time-frame on June 23. The weekly signal remains neutral and if both daily and weekly are long then we have a potential price explosion for tsla that could retest and break thru $1000. Daily Long position is very bullish and likely the early signs of TSLA making another attempt to run up to $1000. Before $1000, there are three psychological levels - 700, 800 and 900. There are two time aggregation periods that suggest the price level of 700 will be taken out this week based on the famous BLT candlestick combination. These combo candlestick setup can be viewed on the 2D and 3D aggregation period. We have opened two positions and likely to continue to add more for July and august monthlies. S3XY on the 30min time frame is long and we also have a full position using common shares.
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 657
N2: 674
N3: 701
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (738)
TP could be @ Fibo level 0 (630)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 628
N2: 636
N3: 649
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (666)
TP could be @ Fibo level 0 (615)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 631
N2: 645
N3: 667
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (698)
TP could be @ Fibo level 0 (608)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 628
N2: 638
N3: 655
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (678)
TP could be @ Fibo level 0 (611)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 621
N2: 633
N3: 654
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (682)
TP could be @ Fibo level 0 (601)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA TO THE 'EARTH'S CORE' INSTEAD!With a bearish pressure despite economic recoveries ,Tesla has formed a somewhat Bearish Pennant with it's recent dip despite indexes hitting ATHs. with a level of confluence at price $621 having 38.2% retracement and 61.8% expansion ,with price $600.00 holding onto 23.6% of the retracement level ,thus giving more confidence and validation to the bearish pennant that should break out around the $575 zone and forecasts price to hit $345 price which is slightly (not entirely) below support at $400.00 also being 161.8% expansion level and not only being a classical support but numerically being the psychological price level (hence i say psychological support).
Disclaimer: All views ,opinion ,analysis shared by FX PRODiGY should not be considered as financial advice but rather a recommendation or perspective regarding financial instruments. Note that trading levaraged instruments involves risk of losing your investments