TSLA - From 24 Feb - Harmonic in playYo!
700ish zone - Due to good news from tesla and Fib target looks like good target.. may overshoot or go down to resistance..
800ish zone - overall bullish till this zone. this harmonic in play for a while now worth looking into! (it may see all over the place you can switch to Daily candle you'll see better the harmonic)
Monday will be interesting!
t347.
NASDAQ:TSLA
Tslalong
TSLA PT 04/2021Many bullish indicators for TSLA, falling megaphone retest, inverse h&s throughout the last month, Wave 1 impulse post-correction, currently riding Wave 3 which is set to take off during this April melt-up. We just finished our Wave C corrective pattern & are back on the bull for TSLA.
Betting on 700 next week.
TSLA heading towards ATH and will continue the trendLooking at the chart, its clear that Tesla has bounced very nicely off the gan fan 1/1 line. It has followed this trend quite nicely and each time it tests this line, it tends to break out and continue it's move back up.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
TSLA Algorithm looking to go long!TSLA algorithm went long on March 31st on the 30 min timeframe around the 613 level and ran up to 668! We were able to catch this wave and made a good profit. We are looking to build position once TSLA Algorithm signals long on the daily timeframe which could have huge move to the upside going into earnings!
The plan is to wait until the TSLA algorithm enters into a long position on the daily timeframe with TTM Squeeze setting up. RSI is also reversing back into the 50 level which is a good sign along with the MACD signaling a bullish reversal. This can be a big potential move for TSLA and could be our biggest trade for the year yet!
TESLA giving out Electric trades!!!Hey everyone, hope you all are having a great week :)
Today's stock analysis has been requested by my followers a countless of times. So by high demand, here it is the long awaited NASDAQ:TSLA analysis.
*PRO TRADER TIP*
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:TSLA
Fundamental Analysis = LONG Term (BUYING)
Technical Analysis = SHORT-TERM (SELLING) (USD Value increasing causing stocks to pullback)
Sentimental Analysis = (BUYING)
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is still up fundamentally and technically.
So since we know the overall trend is upwards but we are currently headed downwards in the short term it creates yet another perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market.For those of you who don't know. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced with a spike that tapped our optimal 61.8% buying level at $547.20. Markets are still showing downwards momentum that can cause this to go down for a deeper pull back into the 78.6% fib level near $451.20 which would be an absolute bargain price.
*DISCLAIMER* Take the scalp short trades at your own risk these can be a bit more risky since we are still technically in an uptrend.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
LOWER RISK, HIGHER REWARD TRADE
LONG (SWING TRADE) 1:5+
23.6% = $765.40 (BUY)
38.2% = $682.00 (BUY)
50.0% = $614.60 (Great trade opportunity) (BUY)
61.8% = $547.20 (What i consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $451.20 (ABSOLUTE BARGAIN!!) (BUY)
Stop Loss @ 350
Take profit 1: $900.40 at the previous ATH . (All Time High) Be patient and trust the process. When this level arrives close 50-80% of your trade and allow the rest to run for risk free trades.
Take profit 2: $1000 any where from 5-10% of your original position should be left running beyond this price. (New entries will be given if this target is reached)
HIGHER RISK 1:2 SHORT TRADE (SCALPING ONLY)
23.6% = $625.00 (SHORT)
38.2% = $677.25 (SHORT)
50.0% = $719.50 (Great trade opportunity) (SHORT)
61.8% = $761.70 (What i consider the PERFECT IDEAL TRADE) (SHORT)
78.6% = $821.81 (ABSOLUTE BARGAIN!!) (SHORT)
STOP LOSS @ 903.50 (SHORT TRADES)
If you enjoy these quick signals/tips make sure to FOLLOW ME & show support by leaving a LIKE!!
DM me new Forex pairs/stocks you guys want to see me cover!
Make sure to keep up with my LIVE trade updates in the comments section of the analysis.
TSLA (Tesla) Inverse Head & ShouldersTitle: Buy BUY TSLA ( Tesla )
Asset: Stock
Platform: Robinhood/WeBull/Etrade/ MT4
Symbol: TSLA
Type: Buy Market Execution / Buy Limit
Time Frame: 1D
Entry Price 1: $645.00 ACTIVE ✅
Entry Price 2: $625.00 (PENDING)
Stop Loss: $595.00 (500 Pips)
Take Profit 1: $695.00 (500 pips)
Take Profit 2: $745.00 (1000 pips)
Take Profit 3: $795.00 (1500 pips)
Take Profit 4: $845.00 (2000 pips)
Status: 🏃🏽♂️Active🏃🏽♂️
Tesla - oh boyYeaa, got burned several times shorting it, I guess now I will get burned trying to get the almost $800 long.
But my boy elliot says so, so I jump, you know.
Otherwise, looks like a good place to enter, FOMC was mostly good news yesterday, rotation away from tech could end soon and tesla should get a relief a bit.
TESLA LONGTSLA seems to have have completed the first corrective wave and has created a nice dip at 0.38 of the Fib retracement. Price has clearly broken the bear corrective channel and made a retest to it.
A clear bull wave with a potential H&S may may now be expected. This bull run could see Tesla shares surge to $2,300/share, its first after the stock split of 2020.
PLEASE HAVE A LOOK AT ALL MY INITIAL TESLA FORECASTS IN LINKS BELOW.
Thanks
Tesla: Inverse H&S PotentialTesla has currently the potential for an inverse Head & Shoulders pattern, esp. if we keep grinding at the neckline of $720 for the coming days.
=> Once the bulls take this out, Tesla could move quickly towards $800 psychological.
OTOH, should they break down $650, the i. H&S would be invalidated.
TSLAI think Tesla, Inc. (NASDAQ:TSLA) will have a relief rally next week after its dramatic fall since the January peak of $900. The RSI history of this stock speaks louder. Notice that every time the daily RSI drops below the 30% level, the stock makes a dramatic rise in the weeks after. The performance history of a stock is always an important parameter in my technical analysis. Nowadays, a lot of traders sell any stock when the daily RSI touches 70 and buy when it falls to 30, however, you must analyze the RSI history before making any trade. History does tend to repeat itself and the majority of the stocks have more than one life in them. Another interesting factor on this long-term chart is that the uptrend of the accumulation line remains practically intact after this big drop, which means the stock is still on the positive swing. These are few reasons why I think now is the time to take a long position at this one, before the stock changes its trend and heads back higher. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks days ago. Lets see if I am right.
TSLA longConfluences:
-Tesla broke out of the bearish down trend
-Yesterday Tesla gapped up, and closed the gap, retesting the broken (previous resistance) support zone at 668.
Therefore it is experiencing very healthy price action
-Also lower than inflation numbers report yesterday and the stimulus check will give a good support for TSLA
-Tesla is an amazing long-term technology play, especially with FSD coming at the end of 2021 and of course, the massive growth of energy and automotive side.
-Short term we may experience draw down but long-term these prices will be very good.
Side note:
-I scaled in again bringing my average up to 540
TSLA correction to upside? Should we begin buying the dip? As title states, Tesla is at a demand, S/R zone. Should we begin seeking long opportunities to our prior supply zone which would complete formation of a double top at resistance? With just under 100% to gain, risk to reward is most favorable now if you ask me!
Confluence of fundamentals are essential before placing any order. Standby for Elon to save the day, not just for Tesla but NAS100 holistically.
All the best
Did Tesla Find its bottom? We will see; $1000+ By summer? 1hr1 hour chart!
Hey guys been following Tesla closely! Was hoping for a bull back to break trend and go down to the 400s and possibles 300's.
It looks like it may have found its bottom and we may be on track to its previous $1000+ projection!
It has got a $900 Price Upgrade this morning and The U.S. 10 Year Treasury yield is going down slowly, Tech is making a comeback!
Lets go baby! I go both ways (not litterally) Can I say that any more? Not sure haha!
Anyways I am down for Tesla to go down and ride it down and super bullish on way up!
Overall long on Tesla! but will make money on the way down!
Will update progrress!