Tesla (TSLA) Elliott Wave Analysis: Uptrend OpportunitiesHigher Time Frame (HTF) Perspective (Weekly Chart)
Tesla has been in a strong uptrend since April 22, 2024, when it bounced from a major demand zone after being in a downtrend science Nov 2021.
with a clear Elliot wave 1,2,and 3 formations,
the impulsive Wave 3 on the HTF appears complete, with an expected retracement to Wave 4 levels in the $326–$293 zone, which aligns with a major demand area. This zone could serve as an excellent entry point for the next impulsive Wave 5 upward.
Lower Time Frame (LTF) Perspective (4H Chart)
Within the broader Wave 3, we see a potential wave extension forming as the 4H Wave 5, targeting the $470 level (1.618 Fibonacci extension of the Wave 3 move).
A strong resistance area is forming near the $365 swing high, which must be cleared for further upside confirmation.
Strategy Breakdown
1. Scenario: Bullish Continuation
Buy Stop Entry: Place a buy stop order above the last swing high at ~$365 to confirm breakout momentum.
Stop Loss: Below the swing low at ~$320, protecting against false breakouts.
Take Profit Target: Aim for $470, the projected extension of the lower timeframe Wave 5.
This setup ensures capturing the next leg higher while avoiding premature entries.
2. Scenario: Bearish Pullback
If the price fails to break above $365 and pulls back, monitor the broader HTF Wave 4 retracement.
Key demand zones are at $326–$293, supported by:
Fibonacci retracement levels (50%–61.8% of the Wave 3 move).
Historical accumulation zones.
Action: Wait for consolidation or bullish reversal patterns in this zone before entering long positions for the anticipated HTF Wave 5 targeting higher highs.
Risk-Reward Analysis
Upside Potential: From a confirmed breakout at $365, the potential gain to $470 offers a reward of approximately 105/share, which is a 29% upside.
Downside Risk: With a stop loss at $320, the risk per share is about 45/share, yielding a Risk-Reward Ratio of ~1:2.3.
Adjust position sizing to maintain your account's risk tolerance (e.g., 1%-2% per trade).
Analysis Summary
Tesla's technical setup provides two viable trade scenarios:
Riding the LTF Wave 5 to $470 if the $365 resistance breaks.
Waiting for the HTF Wave 4 pullback to the $326–$293 demand zone for a safer long entry.
"Be patient, monitor volume and momentum, and let price action confirm your entries."
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly and consider consulting a financial advisor before making trading decisions.
Supply_and_demand
Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
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XAUUSD / TRADING INSIDE FVG / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Price Action , Gold prices are stabilizing within the FVG area, indicating potential for a decline , The immediate target price within this range is $2,670.
If prices remain below $2,670, they are expected to decline toward $2,628, which represents a lower level within the FVG , A further break below $2,628 could lead to a decline into the demand zone, between $2,595 and $2,585.
If gold prices break above $2,680, they are expected to rise into the supply zone, ranging between $2,695 and $2,720.
Overall Sentiment , The market is currently under downward pressure, suggesting a bearish bias unless prices break key resistance levels.
BTCUSDT / TRADING UNDER SUPPLY ZONE AND ATH / 4H BTCUSDT / 4H TIME FRAME
HELLO TRADERS
Current Trend , Prices are under downward pressure, trading below a defined supply zone (97,923–99,531) , A supply zone indicates a range where selling interest is high, causing resistance to upward price movement.
If prices remain below the supply zone and stabilize , A decline toward a demand zone (92,402–90,794) is expected , A break below the demand zone, confirmed by a 4-hour (4H) candle closing beneath it, suggests further decline toward a lower range price of 88,698.
If the supply zone is breached, particularly with a break above the all-time high (ATH) price of 99,600 , Prices are expected to rise toward a new historical zone between 100,800 and 104,000.
DXY. Technical analysisHello traders and investors!
The seller has returned the price to the range on the weekly timeframe (see the related post). The price is now below the upper boundary of the range at 106.952.
We are monitoring the 106.083 level.
If the buyer breaks through and defends it, it would be reasonable to look for buying opportunities.
However, if the seller defends this level, selling will be the priority.
You can use the 4-hour timeframe for monitoring.
Good luck with your trading and investments!
GOLD. I expect a correction below 2605Hello traders and investors!
I expect a correction in the price of gold below 2605.
The buyer did not defend the 2710 level (see the previous post), and the seller resumed from the price range of 2721–2759.
As a result, a range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. A seller's zone has developed at the upper boundary of the range (red rectangle on the chart). The current seller's vector is 6-7, with the first potential target at 2605.31. Just below is the level marking the start of the last buyer's impulse on the weekly timeframe—2604.39—which has already been manipulated (false breakout).
Therefore, it’s likely that the buyer will resume from these price levels. If the buyer does resume, the first potential target is the lower boundary of the seller's zone at the upper boundary of the range (2668.2).
Good luck with your trading and investments!
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4874
2nd Support – 1.4912
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EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incom"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀"
Analysis:
Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push.
The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce.
Key Drivers:
Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a pivot zone for price.
DXY Weakness: Dollar Index stalling below resistance supports EUR strength.
The Setup:
Long Entry: Look for buys near 1.0325 or on confirmation of a breakout above 1.0600.
Stop Loss: Below 0.9538 (below the demand zone or the last swing low (wave c).
Targets:
T1: 1.1688 (Fibonacci extension level).
T2: 1.2264-1.2345 (key supply zone).
Risk-Reward Ratio: With a 6:1 RRR, this is a textbook setup for catching a multi-month rally.
Quick Note for the Bulls:
Stay patient for the demand zone reaction or confirmation of Wave 1 breaking higher. Protect your capital by sticking to the plan.
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Disclaimer: This is not financial advice. Always manage your risk and trade responsibly.
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies.
Technical Analysis:
The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level.
The repeated testing of support without a significant breakdown strengthens the case for a potential bounce.
Key support: ₹ 1990-2000
Key resistance: ₹ 2441-2550
Trade Setup:
Entry: Near the support level around ₹1990-2000.
Target: ₹2441-2550, the upper boundary of the consolidation range.
Stop Loss: Below the support level, to minimize risk if the support fails.
Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
XAU USD - current sells in play, looking for buying ops
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
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Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104
Target Levels:
1st Support – 0.9060
2nd Support – 0.9032
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Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15
Target Levels:
1st Support – 159.88
2nd Support – 158.91
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US30 / UNDER CPI PRESSURE / 4HUS30 /4H TIME FRAME
HELLO TRADERS
The analysis begins by noting a profitable decline of 590 pips, indicating that the asset has experienced a significant downward movement recently, which has been profitable for traders taking short positions.
The price is approaching an FVG zone between 43,381 and 42,984. A Fair Value Gap typically represents an area where the price may experience consolidation, or a period of sideways movement, before it makes a decision to either move higher or lower.
If consolidation occurs within the FVG, the price may rise toward a supply zone (44,252 to 44,532), which suggests a resistance area where selling pressure could occur, preventing the price from moving higher.
The analysis highlights a bearish sentiment, meaning the overall expectation is for the price to continue moving downward unless there is a breakout above the supply zone , If the price fails to stabilize above the FVG, further decline is expected. The target for this decline is a support zone between 42,716 and 42,335, where buyers might enter, potentially halting the downward move.
The downward pressure is noted as the dominant force unless the price manages to break above the supply zone ,Traders will need to watch whether the asset stabilizes within the FVG, as this will determine whether the bearish trend continues or a reversal occurs.
DOGE/USDT - Rising Wedge Breakout - H4 ChartThe DOGE/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.3910
Target Levels:
1st Support – 0.3188
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Weekly Crypto Facts: What to expect next?Hello traders and investors!
Last week saw several interesting developments in crypto assets that may influence the situation in the coming days.
BTC : The breakout impulse from the range on the weekly timeframe continues. This marks the fourth weekly consecutive bullish candle, with declining volume (!) compared to the previous three. This could indicate a lack of interest from both buyers and sellers at these price levels. We might see a consolidation period. A similar situation occurred recently on the daily timeframe, where consolidation lasted for six days before a new buying impulse formed (see the post from November 15). Note that the key candle for the breakout is now from November 11.
DOT : The price formed a buyer's impulse on the weekly timeframe, surpassing 6.611 (the starting level of the last seller's impulse on the weekly chart). The volume and spread of the weekly candle are impressive. It’s possible that the price may rise further without a correction. If there is a pullback to 7.775–8 and the buyer resumes, it could present a buying opportunity.
OP : The price broke out above the range’s upper boundary on the weekly timeframe (1.989). The weekly candle’s volume and spread are impressive. On the daily chart, the price has been consolidating above 1.989 for three days. We are watching for the price’s reaction to 1.989—whether the buyer will defend the breakout from the range. The key candle of the last buying impulse on the daily chart from November 21 crosses 1.989. If the seller pushes the price back into the range and defends this return (at 1.989), it could be an opportunity to look for short positions.
SOL : The price updated its all-time high at 259.9. The weekly candle’s volume is declining, which may indicate a lack of interest from both buyers and sellers at these levels. A consolidation period could be ahead. We will assess the seller's reaction by the end of this week.
TON : Factors have emerged favoring the realization of the buyer’s vector within the range on the weekly timeframe, with a target of 7.260.
Good luck with your trading and investments!
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D
📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally
🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave.
🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of the bottom of the ascending channel.
🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area.
💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally.
💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area.
⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️
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Interesting facts of the week: What to expect next?Hello traders and investors!
The past week brought several interesting events that may impact the situation's development in the coming days.
The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099).
The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757).
Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level.
SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone.
Good luck with your trading and investments!
Sell TURBO/USDT Triangle Breakout in H4The TURBO/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:TURBOUSDT
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.0081
Target Levels:
1st Support – 0.0047
2nd Support – 0.0023
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Alikze »» ETH | Supercycle Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Supercycle Bullish Wave 3 or C Scenario - 1W
🟢 BINANCE:ETHUSDT Ethereum currency in the weekly time frame: As mentioned in the previous analysis , the supply area can have two movement paths.
🟢As mentioned: The first scenario, after completing the first wave in the supply area with a correction to the support area of the green box area, the range of $2,500 extended. Meanwhile, in the lower time frames, the details of the behavior of the Ethereum currency were also fully discussed.
🟢 However, in the 4-hour time frame, the ascending micro-waves of the first cycle were examined, as predicted, the ascending wave extended to the supply area of 3,200 to 3,500.
🟢 Therefore, the first cycle can end in the current range or slightly higher and form a zigzag correction to form a 3-of-3 ascending wave.
🟢 However, according to the movement path predicted in the previous analysis, this ascending cycle has the ability to grow at least to the 0.78 Fibo area of the previous wave.
🟢 Considering that this cycle is inside a triangle, it can continue as long as the triangle base.
🔴 Important:
Due to the application of the triangle base and the ability to grow to the supply area specified according to the Elliott scenario, this bullish cycle will be able to grow to the large supply area after breaking the 0.78 Fibo area.
Considering the current momentum and the bullish engulfing candle in the green box area, the following targets can be touched.
🎯Previous major ceiling,
🎯 Next target 6832
🎯 9357
🎯 Specified supply area (large red box)
⚠️ In addition, in the first step, considering the first bullish cycle, I expect no correction to extend to the Invalidation LVL area. ⚠️
After that, and after the previous major ceiling area is broken, the Invalidation LVL area will be updated.
In case of a change in behavior and structure, its details will be reviewed and updated.
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