Tslalong
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 595
N2: 584
N3: 567
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (543)
TP could be @ Fibo level 0 (613)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TSLA WILL FLY!! FIB Retracement Trader First Publishing!THIS IS NOT FINANCIAL ADIVCE! I AM NOT A FINANCIAL ADVISOR! PLEASE, TAKE THIS WITH A GRAIN OF SALT!
Hello! follow me if you like. I will post analysis on crypto, nyse, and forex!!! I do this for everyone!
MY WORDS ON TSLA:
As we can see! Entries looking good on 100% zone at 562-564. I have been making a lot of money on contracts. Right now is a good time to buy a few month's contracts around September because TSLA vehicles are about to be released!!
I mainly trade options because I am an aggressive mad man. Easy entry zone. Today was a green day 5/24/2021 I will be looking for another entry soon!
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 580
N2: 569
N3: 553
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (530)
TP could be @ Fibo level 0 (596)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
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TSLA SELL SHORT transitions to LONG When and Target ExpectationsTSLA has been trading around the 200 day moving average for the past week. A break below the 200 day moving average will target only the gaps under 600. The next moving average after 200 day ma to consider for a possible institutional buy level is unknown and usually not common to consider especially if a company had a strong earnings quarter. More than 60% of the time during the first 3 months of the year, TSLA has moved with relative strength and momentum between Friday and Tuesday. The assumption is still valid and the price of TSLA may target the two cash session gaps at 627 and 665. Most likely the 627 has the greatest odd of touching before Wednesday. The subsequent gap at 665 may fill this week; however, if TSLA only fills the 627 , then we can expect the next gap to fill sometime last week or first week of June.
For the past few weeks, TOSOPTION algorithm for the daily is currently in SELL SHORT and expect the next long trigger to produce or introduce a short squeeze within 1 to 2 weeks anytime between Monday or Tuesday.
TSLA S3XY WEEKLY SETUP Last Trigger was a WINNERTSLA on the daily time frame is still consolidating and most likely building a base to move higher or lower. In the past, S3XY algorithm, which is a back-tested algorithm using 11 years of data, has produced some amazing results and gains, especially when two major time-frames are consolidating and trading within a price range +/-20. At the time of this writing, May 4, 2021, the S3XY algorithm is currently signaling SELL SHORT position, which as provided some profitable trades for time-frames lower than 30 mins. However, on the weekly time-frame, the S3XY algorithm is still neutral and both the daily and weekly are scanning or squeezing. The last time TSLA daily and weekly charts displayed a scanning/ squeezing position, TSLA moved from $167 to $896. We expect this to repeat again with Fibonacci projection targets near the psych level $1000 and above. This would require a firm breakout above 877. Our plan is to wait for the daily to at least trigger a BUY and then begin entering long term positions in the Sept and October expiration dates- monthlies in particular. For additional confirmation, it would require the Weekly signal to also trigger a BUY. If these two time-frames end up triggering BUY levels concurrently, then there is a high likelihood that the price action in 2020 will repeat itself and propel the TSLA share price well above $1019 and possibly toward $1724. At this moment, we will assume short term target is $1019 and any additional news that may drive the share price higher will encourage prices to move to the next fib targets as shown in the chart.
Enjoy
TSLA - Over 720 is BULLISHWedge pattern forming at the moment for TSLA.
Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now.
Currently in TSLA options that are up 80% for next week as well as spreads for the week after. Looking to go heavy in on any TSLA dip.
Clear break above 720 is very bullish in my opinion and TSLA has had many PT upgrades and remains cheap compared to other big cap names. Many bullish catalysts such as FSD and gigafactory production coming. Q2 will likely be a blowout quarter again.
Cheers.
Tesla - Bearish bear flagIn contrary to my other post which pointed out a bullish pennant, there is also a bear flag forming on the daily chart. This does not look good for bulls since if there is a break below the flag, it may turn nasty. Hence, it is better wait out before impulsively buying solely on the bullish pennant.
Note: Not financial advice. I bring the evidence, you be the judge and jury (always do your own research).
Tesla - Bullish Consolidating Triangle/Pennant on DailyA bullish pattern is forming on the daily chart for Tesla, which is known to be a consolidating triangle/pennant. As we all know, TA is all about the price patterns repeating themselves. This can be a clear example of that. As you can see on the left, in 2020 we saw a clear consolidating triangle forming around $400-$500 range, and soon after, it broke out above towards $800+. Now, a similar pattern is forming, suggesting a move to the upside. The only problem is, pennants can also go the other way, so there is a slight chance that Tesla may drop. Additionally, we must be wary of the bear flag that is also forming on the 4-hour chart. A break below could see fresh lows. So it is worth to wait and see as there are a lot conflicting indicators at the moment. Long term, the chart looks bullish but on the other side, the bear flag (see other post) is immensely concerning.
Note: Not financial advice. I bring the evidence, you be the judge and jury (always do your own DD).
TSLA at pivot point for move upTSLA has the ability to test up to $718-$720 within the next week.
If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30
Topside supply of this move comes in the ranges between $760 and $780.
A break of this upper supply range gives TSLA the ability to retest the red-trendline gap resistance. The price target for this move would depend on when TSLA is able to find a lack of supply below $780.
The drawn arrowed lines indicate an important trend progression for TSLA in deciding whether it will be able to test the above range.
A break below the drawn tan downtrend line will likely see TSLA retest the lower light-blue trendline support.