Tesla 1/1/24 - 8/31/24 Elliot Wave AnalysisMy expectations for TSLA over the next couple of months based on its current Elliott Wave structure.
Right now, we’re in wave 4, and while I can’t predict exactly when it will end, I’d expect it to continue until Tesla’s earnings report on January 29th. This might be the catalyst needed to bring the stock out of wave 4.
I’ve mapped out the three possible scenarios for wave 5, each with its respective Fibonacci levels to provide a clearer picture of potential outcomes. Based on the Fibonacci time zones, wave 5 could likely end sometime in August.
Of course, the market is always changing, and no analysis is ever set in stone. I’ll continue to update this chart as needed to reflect new data and developments.
TSLA trade ideas
359 a major obstacle one that stands out to shineWith other major indicators backing this move, the 2 candles (last 2 sessions/Daily) have a sense of bottom before the push, but others seem to be lacking and not everything is adding up to obtain that sustainability and insurability that this can bounce from here even a slight move up can be proven as false.
Tesla (TSLA) | Time to Buy - Don't Miss This OpportunityTesla is currently in a corrective wave pattern with potential for further upside if the current structure holds.
💡 Key Levels:
- Current Price: $394.64
- Support (Invalidation Level): $372.32
Target Zone: $573.20 (Long-term projection)
🔍 Analysis:
- Tesla seems to have completed Wave 4 and is forming the early stages of Wave 5.
- The invalidation level at $372.32 is critical. If this level holds, the bullish scenario remains intact.
⚡ Outlook:
A break above the corrective structure could signal the continuation of the next impulse wave toward $573.20.
TSLA: Bearish Pressure and Potential Pullback🔥 Potential Price Targets:
🩸 Near-term Goal: $394.74 (1-2 months)
🩸 Long-term Goal: $420 (3-4 months)
🔥 LucanInvstor's Strategy:
🩸 Short: Below $394.74, targeting $380 and $360. The MACD remains negative, and the price is below the 9-day EMA, indicating further downside.
🩸 Long: Above $420, targeting $430 and $440. A breakout above resistance could lead to a rally, but short-term bearish momentum remains a concern.
🔥 LucanInvstor's Commands:
🩸 Resistance: $420 — A critical resistance level; a break above this could trigger a rally.
🩸 Support: $394.74 — A key support level; a breakdown below this could lead to further declines.
Tesla is facing bearish momentum in the short term, with MACD confirming the downward trend. A breakdown below key support could trigger more downside, while a breakout above resistance may lead to a brief rally.
👑 "Clarity in your moves defines your success."
you see a double top? well i see a double bottommega bullish on tesla
if we manage to support the 0.382 we wont have a failed auction and lose the level, as we have created value.
e.g we kept value area low at 417, if we lost it we will test previous value POC or around it
always a chance to have a golden pocket entry
if not i will attempt a retry on the POC vwap confluence.
Tesla: More Room for Wave [iv]We place Tesla in a magenta upward impulse, imminently allowing wave more room on the downside. While the current extension suggests that this wave might already be complete, the necessary confirming signals are missing. Still, wave should primarily settle its low with a sufficient distance above the support at $271. A sell-off below this level, however, is 33% likely in the context of our alternative scenario. In this case, the stock would still be working on the broader correction of the blue wave alt. (II), with the gains since April 2024 considered corrective. To render this alternative scenario irrelevant, TSLA needs to stage a decisive rally above the resistance at $488.50.
TSLA: Trading Range situationOn TSLA we are in a trading range situation on a time unit of 15 minutes. A fight is being waged by buyers and sellers. This is why we are faced with two analysis situations.
At first we will have an uptrend only if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume at this moment we enter the position upon the appearance of the second green candle for added caution.
Secondly, we will have a bearish trend only if and only if the vwap indicator and the support line are broken forcefully by a large red candle and followed by a large red volume, in such circumstances we enter the position as soon as the appearance of the second red candle for greater assurance.
Telsa, Bullish Opportunity: Wait for the Pullback first.TESLA / 1D
Hello Traders, welcome back to another market breakdown.
The market is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
1- First Resistance: Immediate levels formed during prior consolidation.
2- All-time high
3- The one standard deviation target is shown in the chart.
Why Wait?
Entering after a pullback ensures you're trading with confirmation and reduces the risk of chasing the market. This approach not only minimizes drawdowns but also increases the probability of catching the trend at a stronger position.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Tesla, Inc. (TSLA): Battling to Regain Momentum🔥 LucanInvestor’s Strategy:
🩸 Long: Above $411.53, targeting $440 and $457. Bulls need strong volume to push past key resistance levels.
🩸 Short: Below $394.94, aiming for $380 and $360. A break below could intensify bearish sentiment.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $411.53. Breaking this level can trigger upward momentum.
🩸 Support: $394.94. Losing this level risks a drop to lower targets.
Tesla is consolidating near critical levels after recent volatility. The MACD reflects fading bullish momentum, with traders watching for volume confirmation to determine the next move.
👑 "Momentum is the battlefield of traders. Adapt and dominate." — LucanInvestor