Trading JournalNew leader emerging post election,
got a 15% position, sold as it crossed ~~405 range as it is extended
and other leaders are getting hammered in the extended market.
WIll look to rebuy back
TL0 trade ideas
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.
TSLA: Bigger than you thinkFirst stop is 458 based on first 1.61 Fib extension. However I believe bullish sentiment will continue prior to inauguration to the next level at 650 prior to wave 4.
Not trading advise but wave 3 is typically the longest and strongest.
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator:
**Components and Calculations:**
1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure.
2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is:
\
A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow.
3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
**Interpretation and Usage:**
- **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum.
- **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure.
- **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend.
**Visualization:**
Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders.
**Application:**
This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points.
**Example Implementation:**
An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values.
By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
TSLA huge potential check this out!!!Hi guys, I think tesla can go to 350+ really soon easily because of:
Bullish RSI b/o
Weekly MACD curl
5th time hitting 2y downtrend
Feds lowering rates
AI & Optimus potential
TSLA - Next Bull Market ApproachesTSLA
Will hit ATH resistance soon.
There will likely be some sort of sell off...
But this trend looks strong.
I think this will soon break into the next bull market 👍.
The arrow was well drawn 😅 but I didn't post this one on TradingView
Not advice
TSLA - Same pattern again ?If NASDAQ:TSLA repeats the same ralli again this will be the resulting graph.
Now, we have one obvious difference, first impulse is almost complete by 9 months earlier when compared to previous ralli.
While the first ralli was yielded 25x, this ralli (if happens again), will yield 3x.
TSLA CRACK!TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year,
Personally, I don't like wedges since they have a tendency to crack one way and reverse the other.
But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from the taxpayers. It might be different this time.
I can only tell you what the charts say.
$TSLA do YOU BELIEVE in FIBONACCI NOW LEAPS PRINTINGNASDAQ:TSLA do YOU BELIEVE in FIBONACCI NOW LEAPS PRINTING
Sniped the BOTTOM using the 618 Fibonacci and gave yall this step by step
LIKE if you enjoy my FREE picks and want the NEW TRADING PLAN
TSLA LongTSLA currently priced @ 389.79 ... with a target of 400 and an extended target of 410-420
TSLA chart currently shows a breakout above the upper trend-line...
- the move to the upside will target 400 as a psych level with heavy liquidity being at 410 and 420 due to current open interest levels on call options.
- a move back to the downside will be considered a buy the dip opportunity or re-test of Friday and todays price action
- the opening price on Friday's candle and the low of today's candle will serve as support levels at 377.42 and 378 respectively
- holding 390 and breaking above the slight resistance at 397 opens up 400 and higher (This will rage!!)
Indicators like MACD & RSI are trending upwards and looking bullish
9-day EMA and 50-day EMA are both trending upwards and the 9-day EMA is trending upward and away from the 50 which is bullish.
Call options that are interesting:
-TSLA 400 Call 12/13
-Volume: 144,881 (contracts traded)
-Open Interest: 37,205 (open positions and liquidity)
-Volume to Open Interest ratio ~ 3:1
-Open Interest for tomorrow has to open up around 75k plus. Why? As an investor or trader, you are looking to see people hold their investment position as a sign of trend confirmation and continuation
-TSLA 410 Call 12/13
-Volume: 43,965
-Open Interest: 4,923
-Volume to Open Interest ratio ~ 9:1
-Open Interest for tomorrow has to open up around 25k
-TSLA 420 Call 12/13
-Volume: 57,432
-Open Interest: 37,598
-Volume to Open Interest ratio ~ 1.5:1
-Open Interest has to open up around - 45k
TSLA: 750 PT, for 2025Strictly off a long term investor perspective, and not a trade idea.
I buy companies I know will be successful in the future... And do technical analysis for fun.
We are entering in the final 5th leg of an impulse wave with a clear break on the monthly timeline out of the bull wedge pattern that has lasted 4+ years (e.g. "corrective wave 4")
If you wanted an opportunity to buy, it has been there for you for over 4 years. However, taking advantage of the final wave is upon us. Based on technical price projections (there are many), but I'm looking at the smallest projection, taking us to 750.
I believe overall, on a macro level, 2025 will be that last run in this crazy bull market and we will likely need to see a good strong correction. Not until we have had our fun first!
Do your own DUE DILIGENCE. Best of luck all...
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
TESLA $TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24TESLA NASDAQ:TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24
NASDAQ:TSLA BUY/LONG ZONE (GREEN): $357.50 - $400.00
NASDAQ:TSLA DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $357.50
NASDAQ:TSLA SELL/SHORT ZONE (RED): $270.00 - $331.00
NASDAQ:TSLA Trends:
NASDAQ:TSLA Weekly Trend: Bullish
NASDAQ:TSLA Daily Trend: Bullish
NASDAQ:TSLA 4H Trend: Bullish
NASDAQ:TSLA 1H Trend: Bullish
NASDAQ:TSLA is hanging on to the strong bullish rally that first began after the most recent earnings report (Oct23), followed by the Trump rally after the presidential election. NASDAQ:TSLA has been building an ascending triangle at the 360 price level, and a popular belief is that a break above this level will be the start of the push to the 400 price level. Here is what I'm personally looking at for possible NASDAQ:TSLA trade opportunities, potential for upside and downside, and how I'm viewing price structure and technicals with the help of some of my personal indicators!
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: Are We Dropping to $350 or Climbing to $480?Good morning, trading family.
Tesla is sitting at a key level, and it looks like we’re about to see a big move. Here’s what I’m seeing:
Option 1:
We could see a drop of $50-$60, taking Tesla down to $350-$360 before it finds support and bounces back.
Option 2:
If Tesla holds here and starts pushing higher, it could climb to $440. After that, we might see either:
A pullback of $50-$60, OR
A continued run all the way to $480.
This is one of those times where the chart is doing the talking. Trade what you see, not what you hope for.
If this breakdown makes sense, hit like, follow, and share your thoughts below. Where do you think Tesla is headed next? Let’s figure it out together.
Kris/ Mindbloome Exchange
Simple Bull vs Bear Targets and ConditionsSome simple bullish targets (yellow) for Tesla, conditioned upon remaining above the white neckline and getting and holding above the red one.
Simple bearish targets (orange) are conditioned upon losing the white neckline, and then dropping and losing the green one.
Nearer term bear targets could also simply be the white line, the green line, or the area of the weekly high and low of the last weekly low above the green line
$TSLA - Parabolic Extension to 1700This move up should end with base 3 forming, consolidation high and tight in a range for accumulation before the final extension as wave 5 unravels. A little early to be confident in the full extension, but this would be a real clean example. After Base 3, price doubles, rapidly. in line with our measured move.
Charts are a great visual representation of acceleration when traders react to price data, rather than the narrative; which always catches up to explain why the price has done what it ihas. Show me the chart, ill tell you the news. Congrats on FSD approval
An Update For MY Followers Hey Everyone
Wanted to quickly update everyone as I have been MIA the last two weeks working on a really cool project to create even more value for everyone. I will be back in action tomorrow, so if you have any assets you want me to analyze let me know and I will do that for you. Secondly if you are wanting to increase your wellness and your trading send me a DM.
Hope everyone has a awesome day and I will see you tomorrow
Kris / Mindbloome Exchange
Trade What You See
Tesla to $1500 or $2000? Why not.A couple of different ways of looking at this. The circle, I don't know what the idea is behind it, but I've seen it work before. I've seen others use it too.
Secondly, there is a measured movement, if you take the base, the box would be the target. With 50% and then full 100% target.
TSLA (1-Hour Timeframe) Analysis. Dec. 9Market Overview
* TSLA has been trading in a clear uptrend, with a strong push to retest the resistance zone at $399.00.
* A rising wedge pattern is forming, which could signal a potential pullback if momentum slows.
* Volume is declining on the latest push upwards, suggesting reduced buyer enthusiasm near resistance.
Key Levels
1. Resistance:
* $399.00: Strong psychological and technical resistance. A breakout above could trigger a rally toward $410.00.
* $401.97: Intraday resistance based on recent highs.
2. Support:
* $379.00: Immediate support and previous consolidation area.
* $370.78: Critical support zone; a break below could signal a deeper correction.
* $326.59: Major support and previous demand zone.
Technical Indicators
* 9 EMA: Price is riding the EMA upward, confirming short-term bullish momentum.
* MACD: Histogram is showing weakening momentum as the MACD line flattens, indicating possible consolidation or reversal.
* Volume: Declining as price approaches resistance, a potential bearish divergence.
Scenarios and Trading Plan
Bullish Scenario:
* If TSLA breaks and holds above $399.00, it may head toward $410.00.
* Entry: $399.50 on breakout with volume confirmation.
* Stop Loss: $396.00.
* Take Profit: $405.00 and $410.00.
Bearish Scenario:
* If TSLA fails to break $399.00 and closes below $379.00, a pullback toward $370.78 or lower could occur.
* Entry: Short at $378.50.
* Stop Loss: $382.50.
* Take Profit: $370.00 and $365.00.
Risk Management Checklist
1. Watch for high-volume confirmation before entering any breakout trades.
2. Respect stop losses to manage risk.
3. Monitor MACD and volume trends for divergence.
Thoughts
* TSLA's current trend is bullish, but the weakening momentum suggests a short-term pullback could occur before another leg up.
* Traders should wait for confirmation of direction before committing to a position.
TSLA on the go...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the $200 round number zone and breaking above the red channel, TSLA's momentum shifted from bearish to bullish.
Currently, TSLA is in a correction phase and approaching the green demand zone and round number $300.
📚 As per my trading style:
As #TESLA approaches the $300 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
From zero to legendary in less than 4 years (check my profile)
It took me less than 4 years to go from unprofitable to very profitable. Im not saying im the best trader in the world, just one of them. You can see the progression from noob to legend in my profile. I was so bad just 5 years ago. I did these percentage gains in spot stock market btw. I do not use leverage or any margin. This is all spot market. I know it says allocated but these are realized gains, I hold no investments. I am a day trader down to the absolute core of my strategy. Thats why I feel im one of the best day traders in the world because I did this without leverage or margin. I am 100% self taught, I have no mentor. You be the judge. I just wanna trade.
🔆🔆🔆🔆🔆
TESLA Resistance Ahead! Sell!
Hello,Traders!
TESLA keeps going up
But the stock will soon
Hit a horizontal resistance
Soon at around 414$ from
Where we will be expecting
A local bearish correction
Sell!
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