I call this one, the 'shooting myself in the foot'...NASDAQ:TSLA
CALL CREDIT SPREAD
+1 $275 call 10/11
-1 $260 call 10/11
Credit = $500
RISK = $1,000
R:R = 2:1
(if things go south, (as in price north), the trade is rollable, probably)
TL0 trade ideas
TSLATsla breaking 240 can see a retest of 230 filling the gap then potentially bouncing there towards 253.40 and 260.
TESLA: 4 Hour DOWN TO THE 5 MINUTE MUST WATCH FOR WHATS NEXTMORNING TRADERS
currently this video is an extension of my last Tesla video I did we are are still trying to go to: will be break up and hit our 272 target or will need a bit more correcting to do before we can try our hands at the long trades.
I break this video down for you to give you the best insight into the best levels to look for if you trying to trade Tesla and why
Enjoy
MB Trader
Happy Trading
Tesla 4 hour-5 min: Are we going up to 272??Good morning traders
alright what is Tesla doing??? From what my thesis is are we finishing our 4th wave down or do we have some more correcting down to do before we reach for the goal of 272 that is the question.
I break it down for you in the video nice quick and short one for you
If you found the video helpful: like boost comment give me your thoughts in the comments below
Happy Trading
MB Trader
TSLA: Buy ideaBuy idea on TSLA as you can see on the chart because we have the breakout of the vwap indicator and the resistance line.
TSLA Exit SignalThe Bullish Movement has completely overturned. The Price movement has also become very choppy.
TSLA Exit SignalBullish momentum has waned, and a strong retracement is being seen, hence the Exit Signal
TSLA Bullish EntryThe Tenkan Sen is above the Kijun Sen. In this Ichimoku Kinko Hyo Setting, it indicates a short term momentum, which is long.
Robotaxi day coming! Tesla is about to go bullish again?
Tesla started a short-term pullback after be rejected by the resistance level of previous highs and the upper edge of the bullish channel, exactly followed what we have predicted on 25 sep.
so will tesla stop drop and go bullish again?
once point will need our attention is that tesla has been promoting their upcoming “Robotaxi Day” presentation, set for October 10 at Warner Brothers Studios in Los Angeles.
if it could meet market expectations, the price could be supported above the lower band of bullish channel.
It probably will start to go bullish again!!!
TSLA could fly on Robotaxi news!I believe we’ll see a NASDAQ:TSLA rally on the Robotaxi news! This is not only ann additional source of revenue for the so-called car company “Tesla”, but this revolutionizes the car industry as a whole! Allowing car owners to now turn their idle assets (cars) that just sit in their driveway into a profit generating asset allowing their vehicle to go out and generate revenue while in taxi mode!!!
TESLAhello Analysis and buy signal of Tesla stock The market is forming a top floor pattern We are a stock buyer with a loss limit of 177 and a profit limit of 500
TSLANice Wedge forming on TSLA. CALLs could work over the green line. Target price mentioned.
***NOT A FINANCIAL ADVICE***
Covered call on TSLA over ROBO TAXII am expecting robo taxi to be a "sell the news" event. We had a "buy the rumor move" on TSLA from $200 to $260
I had a $250 covered call expiring LAST Friday. I sold that for $5 and bought it back for $1. NICE WIN. Still have the shares.
So, figured If I was OK selling at $250 2 trading days ago, I should be fine selling at $255+4 = $259 effective
THIS FRIDAY
im still bullishlast daily deviated from my trendline. to me that could be a swing fail and a shakeout to shake weak hands.
reasons to consider: there is CPI data today and on 10/10 theres the tesla robot event a big fail could prove to be a priced in scenerio and the start of the nuke today with the following nuke tomorrow.
for me i am a big believer of tesla so im bullish for me i may have another buy oprotunity on the vola vola today.
as for the pattern in question we have a 48% on the cup depth 32% on the handle depth 44% on the parallel channel that is still part of the handle.. make of it what you will.
i dont believe tesla will break out before the 10/10 but will swingfail the down level even (especially) on bullish cpi data (if anyone knows how hedge funds like to operate).
there are bad lows at our current level and at 226 (which is also previous resistance)
a sweep would be an amazing bullish retest that may or may not fail but the oprotunity is there and it all depends on how aggressive you'd like to trade or invest.
Trendlines are current value ranges
The upper teal drawings are potential double top that has formed and if we reject a potential double bottom (rsi will print an rsi div on 30 mins and may potentially swing up to the upper part of the channel causing an overbought on 4hours and daily)
Vwap will confluence with the 100 daily ema that could potentially be a good entry but there's also the potential of the 150 and 200 bullish retest even though in my opinion that would ruin the cup and handle entirely although the liquidity idea would stay the same i'd be sad to see the pattern go.
if we dont swing fail the bullish retest i will look to swing fail the lower trendline for another liquidity pool grab which is also the yearly value area poc.
if all fails and we go bearish on tesla i will trade the consolation prize from valow to vahigh (a lower high and on the higher timeframe and a full rotation play)
the bullish idea is if tesla preforms and the vah turns into the new poc/val and said new value range would be between current to 400-500
i hope i made enough sense and that my ideas are interesting for you. good luck to everyone.
TSLS for Tomorrow 10/8/2024Technical Analysis for TSLA
Current Price: ~$241.70
Key Resistance Levels:
First Resistance: $249.89 - This level aligns with recent selling pressure and previous highs.
Second Resistance: $252.10 - A critical level that TSLA needs to break through to invalidate the downtrend.
Third Resistance: $264.89 - Major resistance; a breakthrough here could push TSLA back toward recent highs.
Key Support Levels:
First Support: $237.91 - This level has been tested a few times recently and is providing short-term support.
Second Support: $225.94 - Strong lower support based on previous lows.
Trend: TSLA is currently in a downward channel. The price is consolidating near the lower trendline, which could indicate a potential bounce. However, a break below $237.91 could lead to more downside movement, targeting $225.94.
Volume: Volume seems to have tapered off slightly in the last sessions, which may indicate that sellers are becoming exhausted. A spike in buying volume could signal a reversal.
Indicators: Momentum oscillators are indicating a consolidation phase. Watch for a potential bullish divergence as the price approaches the lower trendline.
Potential Trade Idea:
Look for a potential bounce near $237.91 if volume picks up.
Alternatively, a break below $237.91 could lead to a short opportunity down to $225.94.
A break above $249.89 might lead to a rally towards $252.10 and beyond.
This analysis is for educational purposes only and is not financial advice. Please do your own research before making any trading decisions.
Contracting Triangle in progress!!!Its hard to believe bearish contracting triangle in progress while we expecting 10/10 "We, Robot" , Hard to believe, Is chart lying? Please share your opinion in comments.
Thanks!! Have a great trading.
TSLA: Spring effect on vwap: Buy ideaOn TSLA as you can see on the chart we have a spring effect on vwap and also we have the breakout with force the RL so it's mean that we would have a hight probability to have an uptrend.
TSLA - 1M - MACDWith the MACD turning positive on the monthly chart, Tesla is catching attention.
The much-anticipated Robotaxi event this Thursday, October 10, will see Tesla unveiling its autonomous vehicle without a steering wheel, powered entirely by Full Self-Driving (FSD).
Could this be the catalyst bulls have been waiting for?
TSLA - The #1 Trending StockAbout a week ago, i saw NASDAQ:TSLA
trending on Twitter formerly x
at first I really did not understand why this was happening.
-
But now I finally get it..
if you change this chart into a 5-min.
then you will see the
#3 step of the rocket booster
strategy.
You may be thinking,
"What is the rocket booster strategy?"
It has the following 3 steps:
#1-The price has to be above the 50 EMA
#2-The price has to be above the 200 EMA
#3-The price should gap up in an uptrend.
Short selling strategies sadly are a little
different from long buying strategies.
in this case this is a long buying strategy
Rocket boost this content to learn more
Disclaimer: Trading is risky you will lose money wether you
like it or not please learn risk management and proit taking
strategies.
TSLA Wizardyfomo pump to 400-600. then sideways chop double bottom 140-180. Might pump a lot then but i suspect the recession might come about as it did in Covid during the real pump.
TSLA: TA for tomorrow trading (10/07/2024)Price Action
Current Price: $249.89
Downtrend Channel: TSLA is trading within a downward channel, with the price near the upper boundary. This suggests the price could face resistance and pull back unless there’s a breakout.
Support and Resistance Levels
Immediate Resistance:
$250.15: The price is currently testing this resistance level. A breakout above could indicate a reversal of the current downtrend.
$259.93: A stronger resistance level where price action could stall, particularly if TSLA breaks out of the descending channel.
Major Resistance:
$264.87-$264.86: If price momentum continues upward, this is the next key level, marked by previous highs.
Immediate Support:
$240.66: Immediate support, which aligns with previous price consolidation zones. A break below this level could see more downside.
$237.69: Stronger support where the price bounced previously. If this breaks, a deeper retracement could occur.
Major Support:
$223.54: This is a key level and the lowest support shown on your chart. If price action continues downward, this level could be tested.
Entry and Exit Points
For Long (Buy) Position:
Entry: A break and hold above $250.15 would be a signal for a potential long position. Watch for volume and momentum confirmation before entering.
Target: Next resistance levels around $259.93 or up to $264.87.
Stop-Loss: Place a stop-loss below $240.66 in case of a breakdown.
For Short (Sell) Position:
Entry: If price action fails to break $250.15 and rejects from this resistance, consider entering a short position.
Target: Watch for the price to fall back to the support levels at $240.66 and $237.69.
Stop-Loss: Set a stop-loss above $250.50 to limit risks in case of a breakout.
Trend & Direction
Bearish Bias: Currently, the stock is trading within a descending channel, indicating that the overall trend is bearish. If the price remains within the channel, expect further downside or range-bound trading.
Potential Reversal: However, a breakout above $250.15 could signal a trend reversal, allowing for a bullish move toward higher resistance levels.
Indicators and Volume
MACD: There’s no detailed view of the MACD, but based on the chart, watch for any bullish or bearish crossovers as a potential signal for trend direction.
Volume: Volume is a key factor in confirming breakouts. If you see a high volume push through $250.15, that would strengthen a bullish case.
Tomorrow’s action will likely depend on how TSLA handles the $250.15 resistance. A breakout above that level could indicate more upside, while failure to break could lead to a bearish continuation.
TSLA BUY ANALYSIS TRIANGLE PATTERNHere on Tsla price has form a triangle pattern and is likely to move up after breaking line 235.92 and there is chance of moving up so going for LONG is needed with target profit of 257.58,281.64 and 306.46 . Use money management
