TSLA Intraday Wyckoff Accumulation to Distributionas I was trading I had to show this example of accumulation, markup & possible distribution -
Tslashort
TSLA DAY TRADING 2/28 FOLLOW PRICE ACTION & KNOW S&R
Bullish Target $221.5
Bearish Target:$197
I will use this to track Day trading Price Action
Detailed Insight: 2/28
TESLA is currently one of if not the Strongest Stock and is helping to hold up the Markets. Strong Move today on Lower Volume . I believe that the Rally is close to wrapping up at this stage of the "Mark-UP" *Wyckoff Distribution"
I can see Possible Bullish Continuation through Wednesday.
Technicals/Indicators/Patterns:
$200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets too ..
-^Bullish double bottom pattern places TSLA move to $220 area
-^Potential Island Reversal to the bullish side
BEARISH:
-Bearish Rising Wedge on Daily- if pattern completes, measured move will go to fill gap @ $147.61
--Bearish Divergences are formed on lower time frames (4hr-1hr)
-Daily Bearish Divergences are looking to follow suit
-OBV & Momentum indicators are diverging to the negative (OBV is High but Momentum is contrary)
-Price has been moving down but A/D Line continues rising *I analyze this as Higher Distribution
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-***TIME FRAME: Analyzing consolidation patterns and impulse moves (Mark-UP) - I am seeing Consolidation on average of 25-27 days and Impulse Moves lasting 14 days
*Tesla is going to hit 27 days of consolidation on Wednesday I can foresee the Markdown Phase Beginning for 2 weeks and moving into consolidation until before next earnings in April before the Next Mark-UP
This aligns up with Seasonal Market Trends ( Bullish in Jan - Decline mid Feb to mid March)
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Options
Current Options info: *$200 Call Option Wall
-Contrarian view is that with High Call Options @ $200 price will close below that by end of week (Market Makers do not want to pay-out) Max-Pain is currently at 197.5
-Bullish view: amount of options could create a "Gamma Squeeze" -Squeezing Tesla to test or surpass Highs in the short-term, ***Short-term pump & Dump
Weekly Expected Move: $215 High $197 Low
Positives:
-Investor Day is Hyping up the bullish trend as everyone is preparing for Elon to showcase "GEN 3" platform -a new commodity vehicle for $25-30k before mark-up. This has retail piling into TSLA stock with an enormous $200 call Option wall again..
-Berlin Higher production levels
--QQQ Potential Island Reversal to the bullish side - Help to continue Rally
Analysis: Short-Term Neutral/ Bearish (Long-Term Bullish )
My bias is Bearish with a possible pump & dump scenario in play ...
$200 Daily MA & 0.382 Fib are psychological zones that Bulls will want to ensure TSLA gets to .. If Tuesday shows strong Commitment and closes at the highs.. We could see Bullish continuation to $234.
Tomorrow is VERY CRITICAL - Monthly close above $200 shows strong buyer commitment - if there is a sell-off and we see a close below $197, I feel confident that Tsla will retrace to $145 area to fill gap ( 0.618 retracement )
Tsla Closing strong tomorrow will lead me to believe that consolidation may continue through next week until we get March Payroll Data (this puts my target price to $232-$234 before we see "Mark-Down"
*watch how TSLA reacts to Weekly Expected high at $215 area
-I am staying away from Options except for "Day-Of"
-Day Trading has been exceptional - waiting 15min after market open has proved beneficial
TSLA Revised DistributionRevised Distribution - TSLA is beginning or completing final Phase of distribution, I would like to see one more Liquidity grab (UTAD) to 0.382 Fib from all time Highs ($221) , but $200 call option wall may prevent this.
I would think that today would be the day to rally past $214 and drop below $200 in order for Wall-street to make most $ from Options. ... Still we could see this pattern continue into next week before final distribution.
*Past $224 with-out strong pullback or rejection will indicate that $214 was Buying Climax- not first UT* and $187.4 was the CHoch This could put UTAD past $240 before distribution -
We will see how price reacts with retest of $214 again
TSLA GAP Squeeze and DistributionGreat area to open short position. Markets are moving into blow-off top (short-term) time for pull back and Institutional money to take part in the Market
$TSLA bulls keeping the TSLA alive!$TSLA holding it own this morning, keeping the momentum up just above $200 level. tesla must stay above the $190 to $200
to continue its momentum to upside. no new catalyst for tesla except the anticipation of the new tesla model 3 which still no
further announcement. also Elon Musk face class action lawsuit from shareholders, overstating the effectiveness and safety of
the company's autopilot and full self driving technologies.
below is the price level I'm looking for $TSLA:
TGT average price move per day is $7-12 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entry and exit for TSLA:
Buy call above 209.26 and sell at 211.73+ or above
Buy puts below 204.17 and sell at 201.52 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Relief Rally reaching its peak.We have seen an impressive relief rally from TSLA, this was a bullish leg, inside a bearish trend. Still juicy and very profitable.
It made a recent low in the 100's level, where we saw an important volume, which can be characterized as a capitulation on the segment that went from its ATH to the 100's This volume was composed of liquidated long and covered short positions. The volume has been shortening as it reached the top above the 200's level.
Usually after a relief rally like this we can expect a retracement looking to gather more lows and discover the next support. If it is above the 100's level we will have a positive momentum divergence + a bullish volume + a double bottom or a W pattern and this is absolutely very bullish.
I am bearish on the leg that heads to the double bottom, but I will turn Bullish when this will turn around and heads north after the tree will have been completely shaken.
Tesla Time To RetraceHere Is My Study on Tesla Chart. Is To Much Extended. I Think Its Time To Retrace a Bit.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.
Tesla on 15 minute chart$TSLA - RSI is under 40, MACD is looking to get positive, Stochastic Oscillator is under 30 and got a "Exit" indicator from short position, see blue arrow. Now I am looking to go long. Just day trading options :)
RIP TSLA TSLA f]is currently consolidating @ a major area of support and is also failing to make higher highs. Its has begun to embody bearish price action as it begins to make lower highs. WAIT for a lower low to form AND be broken to confirm an entry.
TSLA setting up for a pull back?$TSLA slightly pulls back after soaring for couple of weeks. this pulls back is expected and it might setting up for another pulls back or consolidate
if needs to cools off. TSLA bulls needs to hold the 190 level or bears might gain some momentum here to break below 190.
no majors news to push the TSLA except the analyst upgrade to buy rating.
TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 203.31 and sell at 205.90+ or above
Buy puts below 196.61 and sell at 194.50 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Why you should get out of your TESLA Long positions soon TSLA has been on the rise from the beginning of the year with a wave of optimism. It bottomed out at 104 and has risen to 218. If you were fortunate enough to get it at that price, perhaps it is time to think about closing your long as the market looks like it will come down again.
1) The Daily RSI is overbought
2) The H4 RSI is overbought
3) There is a lot of H4 RSI divergence
4) The S&P has topped out at around 4180 and heading lower
The reality of another round of rate hikes in March (Perhaps another 0.5%) has also spooked the market. Inflation isn't abating with the last one being at 6.4% which was higher than the Fed and market expected so don't be surprised if we see a few weeks of weak stock market movements.
As for me, I will go short on the stock with stop losses above 245 and aim for the 100 barrier.
Tesla - End of the Run UpWhat do we do with Tesla.... Breathtaking run up has shorts scrambling for cover.
I'm initiating a Sell ... I think this is an important inflection point.
Analyzing price structure on a weekly log (to get adequate perspective) I believe this recent run up represents a wave 4 of a large "A" wave in the long term view. EW alternation of wave 2-4 exist here. Wave 2 was complex wave 4 at this point appears simple.
Risk-reward at this point is ideal.
Notice the current weekly Doji that just printed at the point of MAJOR confluence. I will use this as a stop point...
I will be updating with shorter term charts as the move unfolds.
Weekly View
Weekly Doji
TSLA more climbs.!I see we are forming a triangle so I think a slight rise will continue (213.59)
And then it will bounce back into the momentum zone.
And I think after that the ascent is open to the top of canal,
where I expect the end of the ascent at (239.95\234.60)
Good Luck.
$TSLA pull back is a bear trap?$TSLA soars after beating the eps couple weeks ago, along with the market bounce from inflation data and other news.
i think this pull back is a must to cool off after soaring almost 100$ in a month. daily chart rsi shows its over bought and
4hour chart show its entering the squeeze zone. but the momentum of tsla still looking strong for now until the higher time
frame breaks below moving average.
TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 200.60 and sell at 204.90 or above
Buy puts below 192.09 and sell at 188.06 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
TSLATSLA has retraced 50% of the downward move from the September high to the Jan low.
I see resistance at the 61.8% Fibonacci retracement level and the 200 day MA at $230.
Regardless, I think this is a good spot to start a small short.
If the price moves up to $230 then increase short position.
TSLA - Potential Downward MovementTSLA EMA about to cross HA Trend Follow downwards. Exit at lower BB
Tesla + Trade Setup
I think that this share is in an upward trend.
Currently, the ascending wave 3 has been completed and the share is in a corrective A B C trend, in this A B C wave A is completed and we are building wave B, wave C will be much bigger and faster.
Trading tip: Personally, I will trade wave c, and the return point or trading target may be a little lower than the parts specified and a candlestick with a very long shadow will be formed. As a result, I will do the opposite transaction with more patience and at the bottom of the shadow.
General conclusion: This share has a lot of growth potential and the best point of selling and exiting the entire share is as follows: 35% is at the price of 3150 and 65% is around the price of 9000 to 1000 dollars.
Warning: This analysis is valid until the previous ceiling of $410 is completely broken with a powerful candlestick. If it is not broken and the double ceiling is formed, scenario 2 will be activated, which I will definitely update at the right time.
In any case, the transaction up to the previous limit has a low risk.
Be successful and profitable.
Dont catch the TSLA falling knife unless it gets below 70The Tesla bubble has popped. Based on the chart, we are currently in the Capitulation stage and I am guessing the next earning in January will lead to the despair. There will be pain.
Not an investment idea, please do your DD.
TSLA in the Buy Zone but maybe one more dipTesla has the geometry to reverse
But I’d like to see the rsi make a higher low on the weekly
I suspect it will get bought up this week, dump on earnings and get short squeezed in Feb
NOT TARDING ADVICE
GRI 2022
