TSLA trade ideas
Elliott Wave View: Tesla (TSLA) Pullback Should Find BuyersTesla (TSLA) broke above the previous peak on 7.11.2024 high at 271 and thus opens a bullish sequence from 4.22.2024 low. Short Term Elliott Wave in Tesla suggests the rally from 8.5.2024 low is in progress as a 5 waves diagonal. Up from 8.5.2024 low, wave ((i)) ended at 264.86. Pullback in wave ((ii)) ended at 212.12 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 237.81 and rally in wave (b) ended at 252.80. Wave (c) lower unfolded as 5 waves like the 1 hour chart below shows. Wave (c) lower ended at 212.12 and this completed wave ((ii)) in higher degree.
The stock has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 239.56 and pullback in wave (ii) ended at 235.36. Wave (iii) higher ended at 262.12 and pullback in wave (iv) ended at 253.25. Final leg wave (v) ended at 273.54 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) is in progress as a double three. Down from wave ((iii)), wave (w) ended at 255.51 and wave (x) ended at 263.35. Expect wave (y) lower to complete at the 100% – 161.8% Fibonacci extension of wave (w). This area comes at 234.5 – 245.5 where buyers can appear for more upside. As far as pivot at 212.12 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
TeslaCalls above 255.29
Puts below 246.86
A wedge pattern can signal either bullish or bearish price reversals.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal from either side. This strategy is based on price action and the volume of a candle upon breakout.
Doesn't look good for TESLATesla has been trading in a massive downtrend. Regardless, there's been many opportunities for nice trades. Unfortunately it's currently in a tight rising wedge and looks like it's coming to the top and also approaching the top the downward resistance line. A drop can make it test $218 1st and break below that might cause a test of .236 fib, $187.
TESLA: Bulls Will Push Higher
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current TESLA chart which, if analyzed properly, clearly points in the upward direction.
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TSLA.NASDAQ ---Longterm view For everyone that missed the opportunity to jump in the TSLA ship after the breakout at 223-224 , looks like the retracement might give another chance. If TSLA drops to the range of 234.75- 229.11 then a BUY would be very tempting. With the elections less than a week away and weekend in between and due to the fact the Elon Musk has chosen sides, this trade might be too risky for some appetites, so if the opportunity comes a more conservative position size is advisable.
TESLA looking spicy! also thank you for 11,000 followers ❤️🔥boost and follow for more 🤝tesla bulls holding the line at support zone, and QQQ looks ready for another bull run soon. I think we will head higher to 201-240-246 from here.
old trend support may turn into new resistance in the next rally.. so watchout for that. 👀 thank you to everyone that's been following me for years or if you are just following starting this week. I appreciate y'all ! road to 12,000 now :) see you soon.❤️🔥
TSLA Technical AnalysisKey Levels
Support Levels:
$248.72: Near-term support level where buyers may step in if price approaches this level.
$232.00: Stronger support level if the stock continues its downtrend.
Resistance Levels:
$255.69: Immediate resistance where the stock is currently testing. A break above could suggest a bullish move.
$263.34: Next key resistance; breaking above this level could trigger further upside.
Price Action and Trends
TSLA is in a short-term downtrend, with a series of lower highs and lower lows. It is currently attempting a minor recovery, but it has not yet confirmed a reversal. The downtrend line above the price could serve as additional resistance.
Entry/Exit Points
Entry: If TSLA can break and hold above $255.69 with strong volume, it could offer a potential long entry targeting $263.34 or higher. If it revisits the $248.72 support and shows buying interest, it could provide an entry point as well.
Exit: Consider taking profits at $263.34 and possibly scaling out if momentum continues. If TSLA breaks below $248.72, it may invalidate a bullish setup, signaling an exit.
Additional Thoughts
MACD Crossover: The MACD is indicating a potential crossover, suggesting possible bullish momentum. However, confirmation from volume is necessary to validate a breakout.
Volume Trend: Recent volumes have been mixed, and a sustained move will likely require a pickup in buying volume to overcome resistance.
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading carries risks, and you should perform your own analysis or consult a financial advisor before making any trades.
#TSLA and three order-block under kneesAs you may see, #TSLA has three order_blocks under the knees of the current price and a huge FVG area on top of that.
In addition, on the right hand, you can see the #Anchore_Volume _Profile which indicates the most active volume area since mid-May until now.
TSLA Technical Analysis for Oct. 30, 20241. Current Price Action
Consolidation Phase: TSLA appears to be in a consolidation phase around the $260-$270 level after a recent upward trend. Price has recently struggled to break higher, indicating potential resistance overhead.
Volume Analysis: The recent volume spikes during pullbacks suggest some selling pressure, but the lack of follow-through indicates that buyers are still interested, albeit cautiously.
2. Support and Resistance Levels
Immediate Resistance: The $273-$275 area is acting as immediate resistance. This is visible from previous high points, where the price has tested and rejected from this range. Breaking above this could open up more upside potential.
Key Support Levels:
Near-term Support: Around $259.70 and $255.50. These levels serve as minor support areas that may attract buying interest.
Major Support: $249.89 and then down to $212-$211. This lower support zone could be a strong buying area if the price experiences a deeper pullback.
3. Entry and Exit Points
Long Position:
Entry: Consider entering if TSLA breaks and holds above the $273-$275 resistance level,
indicating strong bullish momentum.
Stop Loss: Place a stop loss around $255, slightly below the immediate support level, to limit downside risk.
Profit Target: First target around $285-$290, with the potential for more upside if momentum continues.
Short Position:
Entry: If TSLA fails to break above $273-$275 and shows a rejection pattern, a short position might be considered.
Stop Loss: Place a stop just above $275 to manage risk.
Profit Target: Aim for $259, with a more extended target around $250 if downward momentum strengthens.
4. Projection: Where TSLA Could Head
If TSLA breaks above $275 with strong volume, it could potentially rally towards the $290-$300 range.
On the downside, failing to hold $259 may see TSLA testing $250, with a deeper pullback potentially targeting the $212 support.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should perform your own research or consult a financial advisor before making any trading decisions.
Tesla Are we pushing down to 249 or 241 ??? Good morning Trading Fam
A quick update with Tesla , we did not a see a break up into our buy zone and now a correction or more is in place to 249 or 241. However beware this is either a correction or a bigger move down which currently we need more info to figure out before we make that thesis.
Enjoy the video
Kris/ Mindbloome Trading
Trade What You See
Tesla Update Potential Great ROI Trade coming up Good evening or morning trading family
So I created a quick video on a update with Tesla which I felt was important to create for everyone. Currently we are retracing up from a target that I will show you how I got in the video. However two things to mention if we can break 260-263 range we are looking pretty healthy for a bull run up. However if we go back to retest 255.66 we could potentially face another break and further bearish momentum.
Any questions or comments let me know, like follow boost if you found this helpful
Have a great night trading fam
Mindbloome Trading
Trade What You See
$TSLA Price Predict on Election Date and Earning Date
I am super bullish on NASDAQ:TSLA price near election and earning date.(Jan/25/25)
And here is my positive predict of NASDAQ:TSLA share price.
Please share your opinion!
TSLA: Testing Lower Trendline of an Upward Channel 📌 Overview
Tesla Inc. (TSLA) has been trading within a well-defined upward channel on the 1-hour chart. Recently, price action has approached the lower boundary of this channel, indicating potential support. The 9 EMA and 21 EMA are providing insights into short-term momentum, and the MACD is reflecting possible bearish sentiment. Let’s analyze the critical levels, indicators, and potential trade setups.
📊 Current Trend on the 1-Hour Chart
The chart displays a strong upward channel, with Tesla making higher highs and higher lows. However, recent price action shows that TSLA is testing the lower boundary of this channel, suggesting a possible pullback or bounce.
Short-term momentum appears to be waning, as indicated by the declining price near the channel’s lower trendline.
📉 Key Levels
Resistance Levels:
$362.80: This is the highest recent peak on the chart, marking a strong resistance. If TSLA regains bullish momentum, this level could be tested as a potential target.
$325.30 - $325.25: The current ask and bid levels indicate near-term resistance. Price will need to surpass this zone to regain upward momentum and move toward higher resistance.
Support Levels:
$294.13: A significant support level on the chart and a potential target if TSLA breaks below the channel’s lower trendline.
Lower Channel Trendline: The current lower boundary of the channel acts as dynamic support. If this trendline holds, we may see a bounce back towards the upper trendline.
🔄 Indicators
9 EMA and 21 EMA:
The 9 EMA (shorter-term) is currently below the 21 EMA, indicating short-term bearish momentum. If the 9 EMA crosses back above the 21 EMA, it would signal a potential bullish reversal.
Both EMAs are also acting as near-term resistance. A break above these could indicate a bullish shift within the channel.
MACD:
The MACD shows a bearish crossover, with the histogram in the red. This suggests that downward momentum may continue unless TSLA finds support at the lower trendline.
Volume:
Volume has been decreasing, reflecting the consolidation within the channel. A breakout or breakdown accompanied by a volume spike will confirm the next major move.
🛠 Trade Setup
Bullish Scenario:
A bounce off the lower channel trendline, combined with a cross of the 9 EMA above the 21 EMA, could indicate a bullish move. In this case, a potential target would be the resistance around $325, with further upside possible toward $362.80.
Bearish Scenario:
A breakdown below the lower channel trendline, supported by increased volume, would invalidate the channel pattern and suggest further downside. Potential targets in this scenario would be $294.13 and possibly lower if selling pressure persists.
⚠️ Risk Management
Stop-Loss: For a bullish entry, consider a stop-loss just below the lower trendline. For a bearish trade, set a stop-loss above the EMAs or near $325.30 to limit losses if TSLA rebounds.
Position Sizing: Adjust position size based on risk tolerance, as channel breakdowns or breakouts can lead to swift moves.
📚 Key Takeaways
TSLA is in an upward channel on the 1-hour chart, currently testing the lower trendline.
The 9 EMA and 21 EMA are signaling short-term bearishness, and MACD is showing signs of continued downside.
Watch for a bounce off the trendline or a confirmed breakdown for the next trade setup.
💬 Conclusion
Tesla Inc. (TSLA) is at a crucial point within its upward channel, testing the lower boundary with potential for either a bounce or a breakdown. Volume and EMA crossovers will be key to confirming the next directional move, whether it’s back up to the channel’s upper boundary or down to test lower support levels.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
TESLA option play planFirst of all thanks to papa E and orange toasty for becoming besties, we getting the mad pump.
Second of all it was a reasonably easy bet to take. Why take 2x on vanilla trump vs harris when you can slap on some out of the money option calls? its a full win/lose bet but the options get you 5-10x average for this one.
Risk - Reward ratio is everything. If your taking the risk make sure the reward pays for it.
Putting this one down so I can reference going forward. Yeh we might go flat for few months.. or dump because of tarrifs and xyz blah blah,, but This is just the strong bull option which is the scenario im aiming to hopefully play.
Euphoria/blow off phases tend to have two main features
1. its velocity/momentum is faster than you think (its over before you know it; just when your getting really excited)
2. it tends to go higher than you thought
PE ratios, valuations etc are hinting at top energy here.
lets ride it and hopefully jump ship in time.
tesla still has a shot at ATHthis bull market has carried tsla to prices not seen since september 2022. with the size of the bounce and the consolidation in the s&p500 volatility is expected to rise in this name. the trend continuation could happen at any of these market structure levels, an i would remain long the stock on any breakout or bounce from these levels. ive used horizonfal lines to mark out support, resistance and pivot levels that could sway price. is aim as high as ATH or as low as pwVAH.
Tesla, Inc_ Distribution _ Prices _ + Economic _ Cycle _ CalculaTesla, Inc_ Distribution _ Prices _ + Economic _ Cycle _ Calculation.
While market is closed I spent deeper on the Tesla. I will also breakdown the whole economic cycle for Tesla that will cover short and future prices.
Lets breakdown the whole thing + risks.
To determine the number of weeks between April 29, 2024, and June 28, 2024, we calculate the number of days between these dates and then convert that to weeks.
From April 29, 2024, to June 28, 2024:
1. April 29 to April 30: 2 days (30 - 29 + 1)
2. May 1 to May 31: 31 days
3. June 1 to June 28: 28 days
Total number of days: 2 + 31 + 28 = 61 days
To convert days to weeks, we divide by 7:
61 days % 7 = 8.71 weeks
Therefore, the total duration between April 29, 2024, and June 28, 2024, is approximately 8.71 weeks.
Expecting the following prices between 7 to 10 days:
Expecting the following for the week coming & week after:
1st Distribution:
$250.59
$251.88
$252.05
$263.35
_________________
2nd Distribution:
$273.05
$277.36
$280.15
________________
3rd Distribution:
$280.62
$285.48
$285.72
$286.39
$288.32
$290.30
$291.72
Don't be fooled again and againOnce again, Tesla has gone vertical which leads to a short squeeze and buying climax. Based off today's reversal price action, it seems like the top is behind us.
Top 5 Weekly Trade Ideas #4 - TSLA Bull FlagWe have a nice bull flag/wedge here on the 15m. I'll be looking for a break to the upside to enter longs targeting the recent swing high first. Could also be good to wait for a break and retest to enter.
For shorts, could look for an entry if the wedge breaks to the downside targeting the gap fill at $322.70. The best trade would probably come on a retest of the wedge after breaking below.
Longs have the best odds for now, just need to be careful with something moving like this.
TESLA $TSLA | TESLA ROBOTAXI EVENT DISAPPOINTS!? - Oct 11 '24TESLA NASDAQ:TSLA | TESLA ROBOTAXI EVENT DISAPPOINTS!? - Oct 11 '24
BUY/LONG ZONE (GREEN): $232.00 - $263.50
DO NOT TRADE/DNT ZONE (WHITE): $208.50 - $232.00
SELL/SHORT ZONE (RED): $177.50 - $208.50
NASDAQ:TSLA Trends:
Weekly: Bullish
Daily: Bearish
4H: Bearish
NASDAQ:TSLA and Elon Musk disappoint with 10/10 Robotaxi event? I was personally a fan of the event, but this morning we saw price break bullish support and possibly start a bearish trend. I've expanded 181.00 zone up to 182.00 to capture the bottom of the previous bear trend that started from the Jul23 earnings report. My next look is for price to range between the 216.75 - 232.00 levels up to the next earnings release on Oct23. Levels were expanded from previous analysis and posts, linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Tesla Eyes $350 Break: Will We Soar to $371 or Pull Back First?Hey trading family, here’s the scoop on Tesla right now:
We’re looking at a possible break of $350, which could take us to the $371 zone. From there, we’ll need to see if the market has the strength to push higher or if it pulls back, possibly to $359 or lower.
On the flip side, if the market corrects from here, we could see a dip to $340, maybe even $335.
Stay chill, watch the levels, and let Tesla show you where it’s heading next. Always trade what you see!
Mindbloome Trading / Kris
