Drawing the Fib LinesLooks like i drew it correctly, the price action has fallen within the lines so far
TSLAD trade ideas
TSLA will reverse course soon163-165 is the area of interest that must hold for TSLA to go back to ATH.
TSLA still a SELL++++ $230 first targetMany SELL signals on TSLA, been overbought on daily and weekly for some time now. .618 Fib first target is $230! At some point I believe the gap will be filled
TSLA triangle patternNASDAQ:TSLA is forming triangle pattern. Be patient here and wait for break out/down
TSLA: AnalysisOn TSLA as you can see on the chart we would have an uptrend if only if we have the breakout with force the vwap and the resistance line. In other hand, we would have a downtrend if only if we have the breakout with force the support line...
TSLA - ripe for a countertrend move?Red count from the last update here seems to be the possible winner.
Got some decent RSI divergence going on here on the daily and 4h.
If this plays out as a leading diag to the downside, a retracement might very well go into 250+ before continuing further down.
BTC shorts setup 67k zone Just a quick on my new short setup at 67k zone and ride up to 56k then 48k then 34k.
TSLA Is Unlikely to Break 300 and Will See 138 InsteadTSLA is likely to begin a bear market following the possible completion of a triangle pattern in wave {x}. Wave (e) of {x} has terminated near a significant Fibonacci cluster incorporating several degrees of trend. Prices should begin to develop lower in an impulsive manner against the wave (c) of {x} high of 299.3 towards and through at least the wave (d) of {x} low of 138.80.
sideway show with 5 sessions to goI can see sideway movement up and down could impact the box, then either break below the line or accelerate with earnings around the corner. Right now, I'm short until the ER.
Tesla _ Inc _ Short _ Trade _. Tesla _ Inc _ Short _ Trade _.
We can only do 3 more trade as Tesla need to still go to the lower level.
Next Execution price:
$260.28
$264.2
$266.35
$269.22
_____________
Distribution Price: $272.68.
_____________________
Market start descending from here to the level of $213 Range.
Lets cover some facts why it will drop the above level:
(1) The Execution price create Bearish Neck & Shoulder Pattern! Remember mathematic existed long before fake made up pattern, hence, I be able to see it in advance!
( 2) Week 1 support over Quarter 2, Retest is missing.
(3) Previous year, 2023, Quarter 2 support over Quarter 1 Resistance, there is a missing Retest that connect 2024 support level, that need to be corrected!
(4) X Max come once a year and not twice! meaning time need to repeat itself like a clock on your wall!
TSLA: Buy idea: Spring effect on vwap and support lineOn TSLA we would have a hight probability to have an uptrend as you can see on the chart if only if we have the breakout with force the resistance line.
Tesla weekly chart is overboughtNASDAQ:TSLA is overbought on the weekly timeframe. Not a bad place to take some off the table and wait for the next green dot
Occam's razor = Upcoming Earnings + RSI + Moving AveragesLets make this hypothesis on where NASDAQ:TSLA is going very very simple.
Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price of NASDAQ:TSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad announcement and thus they would rather be on the sidelines. So they sell before earnings. Simple.
RSI. As you can see on the chart, relative strength had been pegged at 100% as NASDAQ:TSLA put on a very impressive rise from $170s to $271 in a very short few weeks. While there is plenty of money on the sidelines, NOBODY wants to buy at the TOP. The pull back started on Thursday with the Bloomberg article on the delay of Robotaxi announcement. After such a meteoric rise you would expect profit taking for several reasons including we just started a new quarter and fund managers can book profits now and enjoy their summer vacations in the Hamptons.
Moving Averages. We are way beyond the 50 and 200 moving averages. Both are sub $200. As of this writing, NASDAQ:TSLA sits at $248. Below current price there are gaps at 230 and 210.
The world is complex and maybe this simple analysis is full of bullsh!t. That said, time will tell but my money is on a drop back down to the 200-220 level where I intend to take profits and enjoy my summer somewhere other than the Hamptons....Good luck all.
TSLA: Focus on Earnings July 23Take a look at the last 10 earnings announcements for TSLA. Highlighted in yellow.
Couple of takeaways:
+++ 9 out of 10 times during the 8 or 13 days prior to earnings the stock traded in the lower half of the Bollinger bands. The exception was the July 2023 earnings announcement.
+++ That same July 2023 earnings event saw a meteoric rise in share price prior to earnings followed by a HUGE GAP Down on Earnings. Pump and dump would be a good way to describe the price action here.
This year is repeating the same pattern. However expect that as significant amount of the $300 BILLION in paper profits that were made on the rise from $170 to $270 will be taken off the table due to political uncertainty, indices at all time highs and delays to robotaxi event. So much uncertainty PRIOR to earnings is normal and expected.
Thus expect that TSLA will heavily fade into earnings next week.
Tesla stock analysis on a silver platterAnalyzing Tesla stock on a silver platter only requires patience, patience, then patience
TESLA PULLBACK Then Moon Mission!After a rejection from the weekly and daily levels, a pull back to $235 (Daily Level) or $202 (Demand Zone) is likely before higher prices.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
How I position myself for the next few monthsHey folks! I really don`t know much about Tesla , but this is how I see this!
I have already taken some small sell positions and waiting for 260-265 to add some more
If I look other EV companies then they show that they need for double bottom to take a U-turn to upside.. Usually when Tesla falls/pullback - everything else follows and vice versa..
It`s only my point of view and how I feel about Tesla ..
Let`s see how this plays out!
Cheers
TSLA looks weak Today 7/15Current Price Levels:
Current Price: Around $258.18 (ask price)
Bid Price: $258.10
High: $271.00
Low: $231.90
Support and Resistance Levels:
Resistance:
$258.14 (current consolidation area)
$271.00 (recent high)
Support:
$249.89 (POC and strong support level)
$241.10 (another support level)
$231.90 (recent low)
Volume Profile:
POC (Point of Control): $249.89
Significant trading activity around $258.00 and $249.89.
Trend Lines and EMAs:
Moving Average (Purple Line): Acts as a long-term trend indicator and dynamic support/resistance.
Moving Average (Green Line): Represents short-term momentum and can be used to identify potential entry/exit points.
The price is currently below the purple line, indicating a bearish longer-term trend. However, the recent bounce suggests a potential reversal.
Indicators:
Volume: Increased volume during the downward movement indicates strong selling pressure.
Moving Averages: The yellow line has crossed above the price, suggesting short-term bullish momentum.
Price Action Analysis:
Bearish to Potential Reversal: The stock has been in a downward trend but shows signs of potential reversal with the price bouncing off lower support levels and the moving average line crossing above the price.
Price Consolidation: The price is currently consolidating around $258.00, indicating potential accumulation before the next move.
Suggested Trading Strategies:
Scalping:
Entry: Consider entering around $258.14 (current consolidation area) or on a pullback to $249.89 (POC and support level).
Exit: Target $260.00 (near-term resistance) or $265.00 if momentum continues.
Stop Loss: Place a stop loss below $249.89 to manage risk.
Intraday Trading:
Entry: Enter around $258.14 (current consolidation area) or on a pullback to $249.89 (POC and support level).
Exit: Target $265.00 (resistance level) or $271.00 if bullish momentum continues.
Stop Loss: Place a stop loss below $249.89.
Swing Trading:
Entry: Consider entering around $249.89 (POC and support level) or on a pullback to $241.10.
Exit: Target $265.00, $271.00, and potentially $280.00 if the bullish reversal is confirmed.
Stop Loss: Place a stop loss below $241.10 to manage risk.
Summary:
Support Levels: $249.89, $241.10, and $231.90
Resistance Levels: $258.14, $265.00, and $271.00
Scalping Entry/Exit: Enter around $258.14, exit around $260.00 or $265.00
Intraday Entry/Exit: Enter around $258.14 or $249.89, exit around $265.00 or $271.00
Swing Trading Entry/Exit: Enter around $249.89 or $241.10, exit around $265.00, $271.00, or higher
Use these levels as guides, and always consider current market conditions and news events before making trading decisions.
Can we see Sellers coming in on TeslaI'm expecting to see bearish trend starting here. I'm not sure yet of the fundamentals.
The break in structure signals a shift in direction.
$TSLA Tesla. Neckline break on a head and shouldersNeckline break on a head and shoulders at $190
Target for this break $246
TSLA near term predictionTSLA near term prediction. This analysis is for informational purposes only.
Tesla UpdateIf y'all remember I have been saying for a while now that Tesla was still in a long-term bullish structure. Many people have went back and forth with me with many claiming it will be the next cisco. However, I have held steadfast in my analysis. I would hope that the price action since April would finally open people's eyes to this. Although I thought price would hit the lower end, I called the $130's as a bottom for Tesla at the end of last year / beginning of this year. They have many things going for them that will dramatically increase the value of their company. Tesla is much more than just a car company that sells EV's.
That being said, let's take a look at the more immediate pattern facing us. Currently I have us as either still in wave iv or already starting wave v of 3. Should we be in wave v then we're targeting the area of the 1.618 @ $299.56 next to finish the minor wave 3. If wave iv isn't done yet, then we should drop back down to the $230.06 area at the 0.382 retracement fib. For those haters that read this post (if they actually read it), this doesn't mean we make a b line for these targets. Price moves in cyclical patterns, and this is just a road map with the two possible destinations and not a detailed route of how we get there. This upcoming week we should get our answer on if wave iv is in fact done yet or not.
TSLA LongTSLA is showing signs of a potential reversal after a sharp decline. The price has bounced off the uptrend line and the 232.3 support level, forming a higher low. The 50-bar trend is downtrend, but longer-term trends (150 and 200 bars) remain bullish. The recent green candle with increased volume suggests buying pressure. The entry is placed above the current consolidation, with the stop below the recent low and uptrend line. The profit target is set near the previous resistance around 270. The setup has a positive risk-reward ratio but carries moderate risk due to recent volatility.
{
"direction": "Long",
"symbol": "TSLA",
"interval": "1h",
"entry": 249.5,
"stop": 232,
"profit": 270,
"risk": 1750,
"reward": 2050,
"quantity": 100,
"score": 6
}
