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TSLA trade ideas

TSLA: Trading around a CRITICAL support level! |H & D charts|On the 1-hour chart, Tesla's price is forming a descending triangle pattern, a typically bearish formation, where the price is consistently making lower highs while the support around $208.47 is holding for now. The price is trading below the 21-hour EMA, which has started to slope downwards, indicating growing bearish momentum. The immediate support at $208.47 is crucial—if it breaks, the price could see a decline towards the next support level, potentially around $195.11. The daily chart presents a broader perspective where Tesla's price recently made a top at the $228.22, and faced strong selling pressure, as indicated by the sharp pullback. The 21-day EMA is also sloping downward, reflecting the current bearish sentiment in the short term. The next key support level is ttheh $208.40 seen on the 1h chhart, and f this level is breached, the price could continue to decline towards the $195.11 level, which acted as support in the past in the hourly chart, but the next main support on theh daily chart is the $182. On the upside, any attempt to move higher will face resistance at $228.22, and above that, the next significant resistance is the gap around $245. Resistance: $228.22 on the daily chart, followed by $245. Support: $208.47 on both the 1-hour and daily charts, with the next support at $195.11 if this level breaks. Summary Tesla is currently testing a critical support level at $208.47 within a descending triangle pattern on the 1-hour chart, which could lead to further declines if broken. The broader daily chart suggests that any upside movement will likely face strong resistance, particularly at $228.22. We should watch for a break of either support or resistance to determine the next significant move. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
Tesla UpdateI believe we're still in a corrective structure. If this is the case, then we should ideally drop into the next target box before raising again for c of b. You can see that so far in this most recent move lower starting @ $228.21, we have a 3-wave move, which I labeled our mini-A wave, followed by a 3-wave move higher labeled B. If you look on the 3min chart from the mini-B wave high of $221.48, we have a 3-wave move lower. This signals the mini c wave is sub-dividing into a 3-wave move. Should it follow a standard path, I would expect price to raise to the $217 area followed by a drop to about $200 to complete mini c of micro-B. That is assuming it follows a standard pattern and is by no means required. We should know in the next day or two, but I believe we ultimately tag the higher target box @ $237-$252 to conclude this minor B wave.
NASDAQ:TSLA
by TSuth
7
$TSLA stock tracking as an entity within a belief matrix. TRENDSHere I’m talking about how I’m tracking this stock movement as an entity within the matrix of a belief system so the trees and the branched information become the landscape that the entity of the movement of the stock pricing evaluation, travel through time as witnessed from the outside in and in that I’m just using trend lines to develop the matrix and then watching how the predictive measures follow the belief systems in place
NASDAQ:TSLA
by mindfree
$TSLA to $5,000 #CathiesBack!!! #Bullflag #AlwaysHasBeenSome Bull #corn for the PermaBulls out there after this V recoVery on Indices... Just some log scale mathematical measurements from one flagpole to the next... #AnythingIsPossible if Physics allows... Tesla at 5k is simply tesla at 5Trillion valuation... once self driving fulfilled? Odds increasing with GPU/AI capabilities... NASDAQ:NVDA should be a major green light for the next leg up in markets or rejection... definitely leaning bullish still after V , dips to be bought in this environment...
NASDAQ:TSLALong
by Prophecies_R_Us
TSLA : Initial Reversal or Continued Bullish Trend? (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we've marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that with the potential for interest rate cuts in the coming months, the stock market might experience a revival, pulling out of the recent downturn we've been witnessing. Therefore, while we may see an initial negative reaction from the marked zone, I predict the overall trend will continue to be bullish. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
NASDAQ:TSLALong
by ArmanShabanTrading
2
Tesla (TSLA) 1 Day Time Frame Technical Analysis1. Trend Analysis: Short-term Trend: Tesla is in a recovery phase after a pullback from its highs. The recent candles suggest a potential resumption of the uptrend, but confirmation is needed with a break above key resistance levels. Medium-term Trend: Tesla had a strong rally that peaked near $299.25 before correcting. The stock is currently consolidating, with a potential to either continue its uptrend or experience further downside depending on price action at key levels. 2. Key Support and Resistance Levels: Resistance Levels: $271.25: This level is a significant resistance and aligns with a recent swing high. A break above this level would be a strong bullish signal and could lead to a move towards the previous high at $299.25. $249.89: A minor resistance level that Tesla must clear to build momentum towards $271.25. A breakout here could indicate that buyers are regaining control. $299.25: The recent peak and a major resistance level. If Tesla breaks above this level, it could enter a new bullish phase, targeting even higher levels. Support Levels: $220.32 - $217.98: This is a critical support zone. A breakdown below this level could indicate further downside, possibly leading to a test of lower support levels. $194.50: A significant support level below $220.32. If Tesla falls below this, it could signal a deeper correction, possibly towards $182.04. $182.04: A key support level that could be tested if the price continues to decline. A breakdown below this would likely confirm a bearish trend. 3. Gap Analysis: Gap Above: $271.25: There is a gap near this resistance level. If Tesla can break above $249.89, this gap is likely to be filled first. Gaps often act as magnets for price action, and this level will be crucial for determining the near-term trend. Gap Below: $220.32 - $217.98: There is a gap within this support zone. If Tesla fails to break above $249.89 and shows weakness, this gap might be filled next. If the price starts moving towards this level, the gap could get filled quickly, leading to a potential test of $194.50. 4. Indicators: MACD: The MACD is showing signs of a potential bullish crossover, which could support a move higher if confirmed by price action. However, if the crossover fails, it might signal further downside. Moving Averages: Tesla's price is slightly above a short-term moving average (likely 10 or 20-period), which could act as dynamic support. The price needs to stay above this moving average to maintain upward momentum. 5. Price Action & Trading Strategy: Bullish Scenario: Entry Point: Consider entering a long position if the price breaks above $249.89 with strong volume, targeting a gap fill up to $271.25. If the price clears $271.25, it could move towards the previous high of $299.25. Exit Point: Take profits near $271.25 if the gap is filled. If momentum is strong, consider holding a portion of the position for a potential move towards $299.25. Bearish Scenario: Entry Point: Consider shorting if the price fails to break above $249.89 and starts showing weakness, targeting a gap fill near $220.32 - $217.98. If the price breaks below $217.98, consider holding for a move towards $194.50. Exit Point: Take profits near $220.32 once the gap is filled. If the price continues to fall, consider taking additional profits near $194.50, with a stop-loss above $249.89 to protect against a reversal. Risk Management: Position sizing is crucial. Use stop-loss orders to protect against adverse moves, with stops placed just below key support or above key resistance levels. 6. Forecasted Direction: Bullish Above: $249.89, with a target to fill the gap at $271.25. If this level is breached, the next target would be the previous high at $299.25. Bearish Below: $249.89, with a target to fill the gap at $220.32 - $217.98. If the price drops below $217.98, further downside could lead to a test of $194.50, and potentially $182.04 if the bearish momentum continues. Summary: Key Levels to Watch: Bullish Breakout: Above $249.89, targeting $271.25 and $299.25. Bearish Breakdown: Below $249.89, targeting $220.32 - $217.98, with potential further downside to $194.50 and $182.04. Gap Fill Likelihood: First Gap to Fill: If the price breaks above $249.89, the gap near $271.25 is likely to be filled first. Alternative Gap Fill: If the price fails to break above $249.89 and heads lower, the gap near $220.32 - $217.98 is more likely to be filled next. By monitoring these key levels and using the MACD and moving averages as additional confirmation, you can strategically plan your trades for Tesla in the coming days.
NASDAQ:TSLA
by BullBearInsights