inverse head and shoulders playing out perfectly Tesla is looking great !!! the inverse head and shoulders pattern is playing out nicely
TSLA trade ideas
Tesla: ResistanceThe $362.80 resistance level currently represents a critical threshold during the ongoing wave (V) movement. After the price initially failed to break this level in late November, another rejection at the start of the week highlighted the significance of this barrier. A sustained move above $362.80 should unlock further upward momentum; the magenta wave (iii) should have sufficient strength to carry the price beyond the $400 mark. While a setback toward new lows remains 25% likely, we primarily assume that the correction phase is finished, and the price is now positioned in an extended upward trend.
$TSLA - Parabolic Extension to 1700This move up should end with base 3 forming, consolidation high and tight in a range for accumulation before the final extension as wave 5 unravels. A little early to be confident in the full extension, but this would be a real clean example. After Base 3, price doubles, rapidly. in line with our measured move.
Charts are a great visual representation of acceleration when traders react to price data, rather than the narrative; which always catches up to explain why the price has done what it ihas. Show me the chart, ill tell you the news. Congrats on FSD approval
HOLY SMOKES TSLA CHART IS ONE YOU MIGHT NOT WANT TO MISSTsla has a weird pattern here that I've seen in similar ways before.
Essentially, it needs to close the gaps around 218. Once it does that, it essentially gives the price an upper limit of nearly $1000.
I like the $960 mark, but it's hard to say and again this is one of many possible outcomes and I'd say this is highly unlikely so please take caution.
However, there's is a chance.
How? It would have to be an overnight candle from something drastic followed by a resurgence in price heading into earnings.
It allows the price to climb really high, and it allows it to go really fast as big positions get liquidated.
When you line all that up with GME, AMC, DOGE, BTC, and my personal second favorite BBBY (close second to DOGE), it leads to a big big big SQUEEZE.
Which means, TSLA could see a huge runup as well, which fits with the entire market movements for as long as I've been doing charting.
Add all that together, and it puts the price of TSLA near 900, with stability forming, around 600 in the short term, and 420 in the long term, followed by a big crash that closes all gaps and starts to return TSLA to some serious long term gains.
It would be a fast move, be careful if you're trading this because you'll want to lock in profits fast. When prices move like this, they move up 30% fast and retrace 40% almost as quickly, if not faster. So lock in profits, and then try to identify new short term entries and keep riding the wave up exiting ideally near top or especially when volume starts to really drop and price is still climbing with indicators showing overvalued.
Again, this would be similar to NVDA climbing to $1000, dropping to $700 and then moving back upwards. If you project the performance of that of the movement seen (movement in the past doesn't guarantee future movements) it shows TSLA hitting the $900 range like literally next week, early, Monday/Tuesday early WED. A drop and then return the next week. It's weird, it's rare, it's unlikely, it's however, not impossible. The numbers are there. It would need to occur FAST. In other words, Monday would likely be a GAP up in price. Similar to the way it has been seen in Gamestop and other "squeeze" related stocks.
Call me crazy, and feel free to disagree. Totally understandable. However, if you can afford the risk, at least take a look at your chart and then consider the idea as possible, just in-case. Again, RISKY, don't go all in on it especially if you're not used to trading short term movements like this because you can lose A TON of money very quickly and you can see your profits disappear within seconds, causing panic selling and buying.
Good luck!!
P.S> DOGE coin, because Elon Musk has been talking about it for years right out in the open.
Double Good luck!!
DON'T SLEEP ON TESLA ON A... WELL, NEVER SLEEP AGAIN. TSLA 420.
ALRIGHT, LET'S TRY THIS AGAIN.
Tesla has a cool trend setup, retracement setup and indicator alignment into earnings.
A REALLY STEEP DROP from earnings, past 134 and all the way down to around 96, could trigger a nice move to the upside that you won't want to miss.
I know, TSLA to 74 or 30 or 10 (it's garbage).
Well, no, I disagree. At least in the short term. After it runs up again, I could easily see it back down to some low numbers.
But right now, heading into earnings, a big move is showing that looks very similar to what I've shown.
My line, expect it to be inaccurate, instead focus on the price targets.
At 175.01 = full bull to the moon 238k miles, maybe overshoots that.
There will be retracements, but if this move is based around btc, it could be FAST.
So, probably best to never sleep again, and watch the tsla chart 24/7.
RSI technically bearish, but they all look like they are about to flip, BUT they haven't yet, so we can't assume. We have to keep the projection based on charts, which says, if 134 holds and we get over 175 with stability, then green light, probably.
If earnings crashes price to under $100 for a brief amount of time, you probably want to yolo the dip. Calls would be very cheap at that point, and if you're bullish in any way, even if it's not to my numbers bullish, then it's still probably free money.
I won't be upset should you disagree, feel free.
And I look forward to your rubbing of profits in my face, should you be correct.
Truthfully, I'd like to see everyone make a ton, no matter what your opinion is (bear/bull).
LOTS OF MOVEMENT to trade in two directions.
Things don't go up forever, things don't go down forever, and if they do, it would be an outlier to most market movements.
Good luck!!
SOME FUNDAMENTAL RESEARCH:
1. **Tesla Fundamentals**:
- Tesla, the electric vehicle (EV) company founded by Elon Musk, has seen remarkable growth in recent years. Their fundamentals include strong demand for EVs, innovative technology, and a charismatic CEO who captures public attention.
- However, Tesla's financials have been volatile due to high R&D costs, production challenges, and regulatory hurdles. Despite this, their stock price has surged, making them one of the most valuable automakers globally.
2. **Bitcoin and Dogecoin Investments**:
- Tesla made headlines when it disclosed a $1.5 billion investment in Bitcoin. This move signaled institutional interest in cryptocurrencies.
- Elon Musk's tweets and actions have influenced crypto markets. Tesla's investment in Bitcoin adds legitimacy to the asset class.
- As for Dogecoin, Tesla has not officially invested in it. However, Musk's tweets and memes have boosted Dogecoin's popularity. It's important to note that Dogecoin is highly speculative and lacks fundamental value¹.
3. **Software Subscription vs. Hardware Sales**:
- Morgan Stanley believes Tesla could make more money from software subscriptions than hardware sales. Tesla's vehicles are equipped with advanced software features (Autopilot, Full Self-Driving) that can be unlocked via subscription.
- By offering software upgrades, Tesla can generate recurring revenue. This model aligns with the trend toward software-defined vehicles².
4. **Data Collection and Auto Driving**:
- Tesla collects vast amounts of data from its vehicles, especially those equipped with Autopilot. This data helps improve autonomous driving algorithms.
- Tesla's fleet provides real-world data for training AI models, giving them a competitive edge in self-driving technology.
- Monetizing this data could be lucrative. Tesla could license it to other companies or use it for targeted advertising.
5. **Leasing Software vs. Selling Cars**:
- Leasing software (e.g., Full Self-Driving subscription) allows Tesla to generate ongoing revenue without selling additional hardware.
- Traditional automakers rely on upfront car sales, which can lead to debt if demand fluctuates.
- Tesla's approach disrupts the industry by emphasizing software and services over traditional car sales.
In summary, Tesla's fundamentals, crypto investments, software subscriptions, data collection, and unique business model contribute to its success and potential for future growth. However, risks remain, and the EV landscape is evolving rapidly. Other automakers are also adapting to these changes, but Tesla's early lead gives it a competitive advantage¹². 🚗💡📈
Source: Conversation with Bing, 4/22/2024
(1) Tesla, Dogecoin & Institutional Interest: A Data Perspective by .... coinmarketcap.com
(2) Tesla (TSLA) could make more money from software subscription than .... electrek.co
(3) Dogecoin | Tesla Support. www.tesla.com
TSLA Price Surge: Key Scalping & Swing Trade for Dec. 6TSLA has experienced a sharp breakout, showing significant bullish momentum. The price action is forming a clean structure with clear support and resistance levels, making it ideal for both scalping and swing trades. Let’s dive into the setup and game plan.
Market Structure Overview:
* Trend: TSLA is in a strong uptrend, recently breaking above key resistance levels. The trendline support remains intact.
* Current Price Action:
* Price is consolidating near $368-$375 after the breakout, suggesting potential for either continuation or pullback.
* Strong volume accompanied the breakout, supporting the move higher.
Key Levels to Watch:
* Resistance:
* $375.43: Key short-term resistance.
* $384.41: Next upside target if momentum continues.
* Support:
* $355.02: Immediate support level, aligning with previous resistance turned support.
* $348.12: Critical support zone and trendline base.
Liquidity Zones & Order Blocks:
* Liquidity Zone: The price may target stops below $355.02 before resuming upward.
* Order Blocks:
* Bullish OB: Between $348.12-$355.02, strong demand zone.
* Bearish OB: Near $375.43-$380, aligning with recent selling pressure.
MACD & Volume Analysis:
* MACD: Momentum remains positive, but the histogram is showing signs of divergence—potentially signaling slowing bullish momentum.
* Volume: High during the breakout but slightly declining as the price consolidates. Watch for volume spikes near key levels.
Scalping Strategy:
* Entry:
* Look for quick longs at $355-$358 if price pulls back with confirmation (e.g., bullish engulfing candle).
* Alternatively, short scalps at $375 with bearish rejection.
* Exit:
* For longs, take profits near $368-$370.
* For shorts, target $360-$355.
* Stop-Loss:
* Tight stop at $353 for longs, $377 for shorts.
Swing Trading Strategy:
* Bullish Play: Enter on pullback to $355-$358 zone with confirmation. Target $375, then $384.
* Bearish Play: If the price fails to break above $375 convincingly, short with a target of $348-$350.
* Stop-Loss: For longs, set below $348. For shorts, above $377.
Game Plan for TSLA Trading:
1. Pre-Market Prep:
* Mark key levels: $375 (resistance), $355 (support).
* Check for Tesla-related news or macroeconomic updates.
2. Market Open Strategy:
* Wait for the first 15-30 minutes to observe the direction.
* Look for a pullback or breakout confirmation.
3. Intraday Execution:
* Use trendlines and moving averages to confirm entries.
* Avoid chasing the price during volatile spikes.
4. End of Day:
* Secure profits or close positions if the trendline breaks.
Likely Direction:
* Bullish Scenario: A breakout above $375 could push TSLA to $384 or higher, continuing the uptrend.
* Bearish Scenario: Rejection near $375 and failure to hold $355 could lead to a pullback towards $348.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
TSLA, A Safe LongI am continuing to follow the price target from my original cup and handle on TSLA, but one might evaluate the break out of the ascending triangle for their price target. Either way, if you are looking to be short on TSLA, you might want to sit this one out for a bit. Large time frames are supporting much larger price movement for TSLA.
TSLA Breakout or Pullback? Key Zones, Strategy for Dec. 5Trading Plan for TSLA
Technical Analysis & Price Action:
* Current Trend: TSLA is in a consolidation phase near $356. Recent bullish momentum suggests a potential breakout above $360, but the price is testing resistance.
* Support Levels: Key support at $348 and a stronger floor at $340. A breakdown below $348 may signal a bearish reversal.
* Resistance Levels: Immediate resistance at $360. A break above this could target $370, while failure to break $360 could lead to a retest of $348.
Liquidity Zones & Order Blocks:
* Liquidity Zone: The $348-$350 range has seen significant buying interest, suggesting it is a key demand area. Traders should watch for reactions at this level for potential bounces.
* Order Block: Around $355-$356, sellers have previously pushed the price lower. A breakout with strong volume above $356.70 would invalidate this resistance.
Scalping Gameplan:
1. Entry for Scalping:
* Enter long above $360 with confirmation, targeting $363-$365 for quick profits.
* For shorts, enter below $348, targeting $345-$343 with a tight stop-loss.
2. Stop Loss: Use a stop-loss just below $348 for long positions or above $360 for shorts.
3. Exit Targets: Adjust exits dynamically based on momentum and volume spikes. Scalpers can book partial profits at $363 for longs and $345 for shorts.
Swing Trade Strategy:
* Bullish Setup: If TSLA closes above $360 with high volume, initiate a long position targeting $370-$375. Place stop-loss at $348.
* Bearish Setup: Short positions can be considered below $348 with a target of $340-$330.
Suggestions & Projections:
* TSLA has shown resilience, but it is at a critical juncture. A breakout above $360 could trigger a rally to $370. Conversely, failure to hold $348 might lead to a deeper correction.
* Watch the volume closely as it will confirm the breakout or breakdown.
Thoughts:
* TSLA offers opportunities for both bulls and bears. Scalpers should capitalize on intraday volatility, while swing traders should wait for a confirmed move above $360 or below $348.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your due diligence and trade at your own risk.
TSLA Bullish Continuation Setup with 370 & 380 PTsSummary: TSLA is forming a rising triangle continuation setup against 358-360 supply zone. Multiple instances of sequentially higher lows and similar highs Expectation is bullish breakout and PTs would be 370 & 380 after a confirmed bullish breakout above the 360 supply zone (or 362.53 pivot if you want to be safer). Stop loss after entry would be 355 (or tighter depending on your risk tolerance and expiration on contracts).
Risk vs Reward: +$20 upside, $-5 downside for 4:1 ratio (assuming ~360 entry)
Squaring the High for TSLAHere we are Squaring the high of 299$ for TSLA on July 19, 2023 being our origin date we do as follows sqrt(299) = 17.291 + .25 resqaured = 307. days later may 22, 2024. After adding .25 to the SqRt of 299 i subsequently added + 1 to the SqRt of 299 which equals 17.2916164658 so 17.2916164658 + 1 = 18.2916164658 RESQAURED = 334.583232932. 334 is our time cycle adding from the origin date of July 19, 2023 gives us July 18 2024. Marked on the chart are the time cycles given after subsequently adding +1 8 times. Notice how were are getting precise pivot points for TSLA. To understand further watch Michael s. Jenkins part one and two 1. youtu.be
2. youtu.be
TSLA: 750 PT, for 2025Strictly off a long term investor perspective, and not a trade idea.
I buy companies I know will be successful in the future... And do technical analysis for fun.
We are entering in the final 5th leg of an impulse wave with a clear break on the monthly timeline out of the bull wedge pattern that has lasted 4+ years (e.g. "corrective wave 4")
If you wanted an opportunity to buy, it has been there for you for over 4 years. However, taking advantage of the final wave is upon us. Based on technical price projections (there are many), but I'm looking at the smallest projection, taking us to 750.
I believe overall, on a macro level, 2025 will be that last run in this crazy bull market and we will likely need to see a good strong correction. Not until we have had our fun first!
Do your own DUE DILIGENCE. Best of luck all...
