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What if you could see into $tsla future? $TSLA The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. In this monthly chart of TESLA, there was a bearish wolfe wave that started developing on November 1,2021. Last year, tesla was a very popular ticker to trade due to it's beta relationship with the market index. Moreover, hundreds if not thousands of new youtubers or existing tesla followers started covering tesla as if they actually owned or worked at the company. Even to this day, as tesla trades -58% from it's high, we continue to witness irrational exuberance in the tesla stock with recommendations of dollar cost averaging ideas floating around and long term price targets upwards of $3500 to $10,000?? Wolfe waves are great in detecting when a stock enters in bull or bear markets. It removes irrational exuberance and allows the trader to focus price and volume which are the main ingredients in determining momentum. And until the stock price reclaims at least the 6 month moving average, the price of the tsla stock will continue to sell into strength and eventually fill all the gaps it left open back in 2021 and 2020. As tesla continues to sell off and extend lower, there will be intra-day opportunities for option traders to position into long calls as shorts cover. At this point, strong volume and price action induced by positive news reports is the only thing that will get tesla out of this bear market.
NASDAQ:TSLA
by TOSOPTION
TSLA Bearish Wolfe Wave lower time frame Wolfe waves are great because they help traders identify profit targets with respect to entry. They are especially useful when there is binary event such as earnings, cpi or ppi. Last week, I posted a bullish daily entry for tsla for an over the weekend tgif trade. Although TSLA dipped on monday, we were still able to buy the dip and offset some losses from Friday's entry. Post PPI, TSLA gapped approx 3% and rallied another 2% tuesday morning. Typically gaps contrarian in nature, they are bearish/bullish depending on the direction of the gap . Gaps introduce another variable which can counter trend any trade idea sooner than later. Tuesday's price action for TSLA was generally weak with respect to other tech names. Moreover, there is a bearish 78 min wolve wave + 78 ttm squeeze that has just triggered with a projected target of 175. Bullish or bearish waves on daily time frames can produce giant returns; however, the trader should take into consideration other macro events such as economic data, fed speakers , earnings and the worst of them all Jerome Powell FOMC. If the bearish wolfe wave does fails to move tsla price stock lower to 180 to 175, then the setup will likely turn into a short squeeze where the horizontal line representing the bearish stop loss will be the breakout level target.
NASDAQ:TSLAShort
by TOSOPTION
1
TSLA Daily Wolfe Wave Setup and entrySimilar to SNOW, there is a daily wolfe wave setup that triggered on November 11 on the day of CPI . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. The apex of the wolfe wave extends out to 2023 but in the short term expect TSLA to move more than 10% before November 15 for a quick move to the 21 day ma.
NASDAQ:TSLALong
by TOSOPTION
4
Tesla Analysis 15.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on Tesla. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. I will personally reply to every single comment. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
NASDAQ:TSLA
by basictradingtv
Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down: 1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up. 2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart. 3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal. I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.
NASDAQ:TSLAShort
by UnknownUnicorn13326052
TSLA Slide ContinuesEarly in the Week: TSLA & IXIC, along w/ the market as a whole have performed poorly the week after Labor Day. With the current market, I expect things to get very ugly this month. I see all kinds of resistance above TSLA's current stock price of $269 and very few things to stop a freefall to $253-$251, which is my current price target where some more serious long term and consequential levels will come into play. Late in the Week: Watch for option strike pinning later in the week - thursday (9/8) and especially friday (9/9) Current Option Open Interest Key Levels Calls: <265 - 821 or less - very weak 265 - 4,817 SOFT PIN > 265 266.67 - 4,387 270 - 3,941 275 - 3,034 280 - 3,844 HEAVY PIN > 280 285 - 4,473 290 - 5,298 295 - 3,296 300 - 8,994 Puts: 250 - 8,119 255 - 3,259 260 - 3,924 265 - 6,376 270 - 4,235
NASDAQ:TSLAShort
by DontListenToThisClown
1
Tesla stalling? Tesla Short Term We look to Sell at 282.85 (stop at 294.03) Previous support level of 280.00 broken. Posted a Double Top formation. The bias remains mildly bearish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to sell into rallies close to the 282.00 level. Our profit targets will be 249.72 and 216.00 Resistance: 280.00 / 313.00 / 383.00 Support: 249.00 / 217.00 / 207.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:TSLAShort
by Saxo
1