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TESLA INC. DL -,001

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$TSLA Rally Base Target Corrective Wedge Technical BreakoutHere on NASDAQ:TSLA we can see after such a massive move a lengthy consolidation period is needed before and ultimately substantial breakout. While NASDAQ:TSLA certainly has the probability of braking low and going to 50$ I will have to side with the Bullish case. Not for news or Fundamental points in its favor, but Pure technical analysis. Tesla has had a massive Rally, into a firm and long held Basing, which will ultimately lead to a breakout in my humble opinion Higher for another rally toward a target of 600 or so. Taking into consideration the May/Aug breakout cycle, if you haven't got into the stock already, it may be too late. Get ready for some butt blasting action as we take off into the heavens and never look back. Buy Me and I'll Grow
NASDAQ:TSLALong
by Midgar-
2
TSLA Elliott Wave Insight: A Bullish Path AheadTechnical Analysis of TSLA Based on Elliott Wave Theory Overview Based on the Elliott Wave Theory, we observe that TSLA has commenced a fresh impulse wave from the bottom of January 2023. This new wave marks the beginning of wave I in the red cycle degree, which concluded at the peak of July 2023. Following this, wave II in the red cycle degree began moving downward and concluded at the bottom of April 2024. It is crucial to note that wave II did not retrace beyond the start of wave I, confirming that the Elliott Wave principles have been adhered to. The bottom of wave I was at $101.43, and wave II concluded at $138.86, which is within the acceptable range. Now, wave III in the red cycle degree has started its upward journey, which is expected to show significant strength and momentum. Typically, wave III can extend up to 161.8% of wave I, implying a strong bullish trend. Subdivision of Wave III Within wave III in the red cycle degree, there are five subdivisions expected, labeled as wave ((1)) to ((5)) in the black primary degree. Currently, we have embarked on wave ((1)) in the black primary degree, which itself should also subdivide into five smaller waves labeled wave (1) to wave (5) in the blue intermediate degree. - Wave (1) and Wave (2) in Blue Intermediate Degree: These waves have already been completed. - Wave (3) in Blue Intermediate Degree: We are likely in the early stages of this wave now. Characteristics of Wave III Wave III is often the longest and most powerful wave in the Elliott Wave sequence. Here are some key characteristics and signs to watch for: 1. Momentum and Strength: Wave III usually exhibits the strongest momentum and covers the most distance in the shortest time compared to waves I and V. 2. Volume Increase: There is often a significant increase in trading volume, reflecting heightened investor interest and confidence. 3. Impulsive Nature: Wave III is impulsive, meaning it moves in the direction of the larger trend. This is often driven by fundamental news and investor sentiment. 4. Extension: It is common for wave III to extend, reaching up to 161.8% of the length of wave I. 5. Subdivisions: Within wave III, there should be clear five-wave subdivisions in lower degrees, following the typical Elliott Wave structure. Roadmap and Invalidation Level The roadmap for TSLA suggests a bullish trend ahead, supported by the structure of the waves and the characteristics of wave III. The key invalidation level to watch is $138.86. As long as this level is not breached, the bullish outlook remains valid. - Wave III Target: Ideally, wave III could extend to around 161.8% of wave I. - Key Invalidation Level: $138.86. If TSLA breaks below this level, it would invalidate the current wave count and necessitate a reassessment of the wave structure. Conclusion The Elliott Wave analysis of TSLA indicates a strong bullish trend with the commencement of wave III in the red cycle degree. This wave is expected to show substantial strength and momentum, with a likely target near 161.8% of wave I. As long as the invalidation level of $138.86 holds, the bullish bias remains intact. Investors and traders should watch for the key characteristics of wave III and monitor the wave subdivisions closely to confirm the ongoing wave structure. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLALong
by RK_Chaarts
4
TSLA Daily H&S, next move +$200NASDAQ:TSLA is moving higher and going through several resistance levels on $180, now turning support. Reasons why TSLA may go bunkers at the end of this year. The AI opportunities for TSLA are crazy, people are not seeing this. FSD is the best in the world and will have great $$$ impact as they do the RoboTaxi. Robots! Optimus will be amazing in the next 5 to 10 years pushing TSLA to over $10,000 per share. Finally, BTC!!! Elon an BTC are connected so they won't pass the opportunity once it comes again.
NASDAQ:TSLALong
by CriptoJoe
Does Fibonacci Really Work?It's hard to understand how the Fibonacci sequence presents itself in price action. I remember I used to think it was nothing more than lines drawn in a chart in a fancy manner. However, as I began to learn about probability distributions, I began to understand where the sequence reared its head into price action. Although I don't fully comprehend the theory behind the Fibonacci retracement, I did find a mathematical demonstration that proves price action and this sequence are related. You can find the demonstration in the link below. I'm unsure, but I believe this is peer-reviewed. www.researchgate.net However, you will notice that this approach is extremely different to the Fibonacci retracement. They look nothing alike. However, it's an interesting concept which could Shead light into understanding the fractal that governs price action. One of which is the Sierpinski triangle So does the Fibonacci retracement actually work? Well I don't know, but there is only one way to find out, so lets try it
NASDAQ:TSLALong
by DarkMessiah777