Tslashort
Tesla is facing a 43% decline.Tesla is facing a 43% decline. Anyone who followed my Tesla analyzes could see that I regularly took long positions. Nevertheless, I still recommend taking the short position now. The analysis shows that the price movement of TSLA has fallen below the wave axis (orange dotted line). These days, he tested this axis back, then stood in a declining direction again with a decrease of nearly 6%. It can also be seen that the corrective motion I now assume is nothing more than the beginning of the second descending wave motion. In case this falling wave builds up the target price: 347.11usd
Diamond top formation in Tesla. Go ShortAfter the failed breakout of the rising wedge a week or so ago Tesla moved up again but failed to make new highs. Now we have formed a diamond formation which sometimes although rarely comes at the top of a long uptrend. This may be what we are seeing here.
Here is Investopedia's take on it
www.investopedia.com
This certainly looks like one to me here, perhaps we will see an attempt to break the formation to the downside the next few days. I had expected buyers to step in the last 24 hrs with the bitcoin asset that Tesla now own having gone up massively in value, however the market (in Tesla not Bitcoin) seems unimpressed.
Here on the extended hours chart we can see Tesla made an attempted a break of what could be perceived as a flag but that failed, now perhaps it's time to test the bearish reversal pattern of the diamond formation and the strength of sellers.
Note of caution
Most breakouts fail. In order for sellers to be successful we need to see several things:
1) The bigger picture confirming the possible break
1) Lower timeframe moving averages confirming the direction of the break
2) A build up of break pressure like a coiled up spring
3) Volume coming into the break
4) A clear resistance level (here shown as red line) near the break point which would act as strong resistance against a fake break
What do you think? If you agree and think we all the above, then we can attempt to go short and we could look to target the green support line in the top graph. We should enter before the break not after to minimise risk and so as to be able to bring our trade to break even straight away. We should then look to take 50% of our profits after the break as most breakouts fail due to overbought or oversold conditions. All being well we can hold the rest of our position till we hit our target point. We could even consider adding to shorts on pullbacks as we go down.
Follow the trade above and i'll update it as and when.
The Tesla market will probably increase.The Tesla market, is bouncing around 600, like he did previously. We can aslo see that the market fits the Gann Fans on 1/2.
This might be a great opportunity to join a very promising bullish trend.
After , probably a pullback on his very strong support .
Tesla PitchforkTesla at a critical tipping point. Bear channel, or will it continue the trend higher. Key retest coming at the end of month. Confirmation of upward trend if price stays above $650.
TSLA - What a cross
Intro
Yesterday TSLA passed through a cross, made of an horizontal line at 668$ and a resistance trend line (in red).
I drawn other possibile trend lines, horizontal lines and two possible future prices paths: a red one (DOWN) and a green one (UP).
Which is the most probable path?
In my opinion, TSLA will follow the DOWN path: as we can see the Stochastic RSI crossed up, but the MACD didn't. I would define yesterday's price move as a bull trap.
The price movements of today (the 10th of March 2021) will be relevant for knowing if the support horizontal line will be down crossed (and the DOWN path will prevail) or not (in this case it will be a LONG signal, in case MACD will up cross too).
Thanks for reading :)
TSLA ShortTesla looks like it's setting up for a retest of the trendline. Don't be fooled by the green.
Is TSLA going to 500 -> 360?As NASDAQ:TSLA rocket ship (SpaceX) has took parabolic turn. Seems it can go to 500ish first stop or second support could be 360ish. Let's see which wall bulls can be a defend.
Note: Pls ignore the September area analysis which was done in a bull run.
Disclaimer: I"m NOT a financial advisor. All trade ideas are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
TESLA CrashingHello,
My EWC suggests that TSLA doesn't look quite finished in its correction. I do expect three waves up from March 5 low and then further continuation to the downside in five waves.
As always feel free to ask any question.
TSLA more bearish trendTesla will be more bearish in the upcoming days but than after the retracement to lower levels of 500 there will be following some upward movement
TESLA to $400Correction time for Tesla.
There is nothing to afraid of. It's a buy opportunity.
It's falling down for 4 weeks straight.
$600 will be an important level to watch for next week.
If the selling pressure continues;
I'm expecting to see the price in a range of $400-440.
What do you think? Any comment? 👇👇👇
VIX is on an Upward momentum. I know that most people hate Bearish analysis, BUT I have to share this with everyone
VIX - is the volatility index of the stock market. The higher it gets the lower the (overall) market gets. It basically indicates uncertainty in the Market.
This graph above indicates that the market might continue to go down. As you can see the VIX is getting ready to set a higher high.
We might see the market continue to go down, as this new trend is not over yet.
A further correction is ahead $740!A further correction is ahead $740!
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
TSLA daily shorts, hit tp #1.TSLA hit my Daily shorts from my last idea, adjusted my order, took partial profits and preparing to move to TP #2
Entered? nice.
Didnt think it was gonna drop? tough
Buying some TSLA shares myself if it rejects tp #2.
Tesla Critical PointTesla has formed a Rising Wedge and is at a critical point. If it does not bounce here it will break bearish and we could see significant downside.
NIO MIRRORS TESLA?If you have not seen the Tesla analysis, check it before seeing this. NIO showing the same patterns as Tesla. If you check the charts, both NIO and Tesla blew up around the same time in Oct 2020, and both broke their bullish phase around the same time. No more information on these two than this. but I will research more on it.
TSLA SHORT BEGINS SOON?Will Tesla complete the inverted HS pattern? If so, the rectangle confirmation box is put till just under 715 to signal if a bearish candle closes under it, it's time to short.
Is $TSLA crashing?Introduction
$TSLA was one of the first stocks in my opinion that kicked off the retail trading revolution. When TSLA was on its legendary bull run it was all over the news, social media, and everywhere you looked. This drew a large crowd of retail investors who wanted to get their hands on a share of $TSLA. While $TSLA is leading the charge in innovation and market dominance in the self-driving EV space, we have to acknowledge that the stock is overvalued. Yes they own $BTC, yes Elon is a gangster, but their PE ratio is roughly 1200 .
Breakdown of The Bullish Run
Retail investor frenzy
Elon pumps
Gamma squeeze
Catalysts (demo day, stock split, S&P inclusion)
Possible Bearish Factors
Valuation, PE: 1200 - historaccly 30 is high for most stocks
More competitors on the market. Retail investors are looking for the next "get rich quick stock" and competitor stocks have been the go-to ( $NIO, $WKHS, $HYLN, etc..)
Lack of bullish catalysts.
Elon seems to be focusing on heavily Starlink leading to lack of press, which leads to less hype
Overall market correction.
My outlook on $SPY:
TSLA Breakdown at 800Failed to breakout to the upside, slowing trend with consolidation between ~885 - 800. Very strong resistance at 800, however there is a lot of air if it breaks.
Look for closing daily prices below 810 for short opportunities. Look at 780 intraday for last chance tests of resistance.
TSLAFrom someone who claims to short is a scam and justifies said argument with out-of-context statements of not being able to sell a car without owning it, how about not selling stock in a company that doesn't profit without selling credits or pay a dividend? what a clown. Further, he wants to SHORT the planet earth and is burning all his cash in hopes of new wealth in another world. He just needs to apologize for the hypocritical insults on shorting and own that his very life is the biggest short position and happens to be a short position against the planet EARTH. Nothing wrong with shorting but it shouldn't be legal to do in such large volumes relative to the current order book, and assessed over time for adjustments.
End rant....
As far as the technicals are considered: If we break the steep support line we closed at on Friday(less visible green line following the price above the channel), we will probably return to the red rectangle or lower if the broader markets decide to cool off.
