Scalping Analysis for TSLA:
1. Support and Resistance Levels:
* Immediate support at $431 (put support from GEX and horizontal price level).
* Resistance near $440-$447.5 (Gamma resistance and call wall).
2. Key Indicators:
* 9 EMA & 21 EMA: TSLA is trading below these EMAs on the hourly timeframe, indicating bearish momentum. Watch for a pullback toward the EMAs before continuing the trend.
* MACD: Momentum is bearish, but the histogram is flattening, hinting at a potential reversal or consolidation.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $435-$437 or $440 (resistance zones).
* Target: $430, $427.
* Stop Loss: Above $442.
* Bullish Scenario:
* Entry: Breakout above $440 with volume confirmation.
* Target: $445, $447.
* Stop Loss: Below $438.
Swing/Day Trading Analysis for TSLA:
1. Trendlines:
* Price is forming a descending wedge, signaling a potential bullish reversal if support holds at $430-$431.
2. GEX Analysis:
* Positive gamma resistance at $447.5 and $465 indicates sellers are dominant above these levels.
* Strong put support at $430 and $410 shows downside protection.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $430 on reversal candlestick or volume spike.
* Target: $447, $465.
* Stop Loss: $427 (below key support).
* Bearish Swing:
* Entry: Breakdown below $430 with retest confirmation.
* Target: $420, $410.
* Stop Loss: $435 (above breakdown zone).
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $447.5.
* Put Wall: $430.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $445 Call if TSLA sustains above $440 with volume.
* Target: Move toward $447-$450.
* Risk: $435.
* Bearish Play:
* Buy Jan 5th $425 Put if TSLA breaks $430.
* Target: $420-$410.
* Risk: $435.
3. Options Oscillator Metrics:
* IVR is relatively low, indicating cheaper premiums for directional trades.
* Call Bias (88%) suggests participants lean bullish, but watch for volatility spikes near $430.
Insights:
* Price is at a critical confluence of GEX support and technical levels. A breakout or breakdown will define the next directional move.
* Risk Management: Tight stop losses are essential due to the proximity of strong gamma zones.
* Volume Confirmation: Monitor volume on breakout/breakdown for confidence.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
1. Support and Resistance Levels:
* Immediate support at $431 (put support from GEX and horizontal price level).
* Resistance near $440-$447.5 (Gamma resistance and call wall).
2. Key Indicators:
* 9 EMA & 21 EMA: TSLA is trading below these EMAs on the hourly timeframe, indicating bearish momentum. Watch for a pullback toward the EMAs before continuing the trend.
* MACD: Momentum is bearish, but the histogram is flattening, hinting at a potential reversal or consolidation.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $435-$437 or $440 (resistance zones).
* Target: $430, $427.
* Stop Loss: Above $442.
* Bullish Scenario:
* Entry: Breakout above $440 with volume confirmation.
* Target: $445, $447.
* Stop Loss: Below $438.
Swing/Day Trading Analysis for TSLA:
1. Trendlines:
* Price is forming a descending wedge, signaling a potential bullish reversal if support holds at $430-$431.
2. GEX Analysis:
* Positive gamma resistance at $447.5 and $465 indicates sellers are dominant above these levels.
* Strong put support at $430 and $410 shows downside protection.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $430 on reversal candlestick or volume spike.
* Target: $447, $465.
* Stop Loss: $427 (below key support).
* Bearish Swing:
* Entry: Breakdown below $430 with retest confirmation.
* Target: $420, $410.
* Stop Loss: $435 (above breakdown zone).
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $447.5.
* Put Wall: $430.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $445 Call if TSLA sustains above $440 with volume.
* Target: Move toward $447-$450.
* Risk: $435.
* Bearish Play:
* Buy Jan 5th $425 Put if TSLA breaks $430.
* Target: $420-$410.
* Risk: $435.
3. Options Oscillator Metrics:
* IVR is relatively low, indicating cheaper premiums for directional trades.
* Call Bias (88%) suggests participants lean bullish, but watch for volatility spikes near $430.
Insights:
* Price is at a critical confluence of GEX support and technical levels. A breakout or breakdown will define the next directional move.
* Risk Management: Tight stop losses are essential due to the proximity of strong gamma zones.
* Volume Confirmation: Monitor volume on breakout/breakdown for confidence.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.