Tesla (TSLA) - Edition #1Macro Outlook: Neutral
- We found support at $165 level but now we are at a resistance zone.
- If prices flips and establishes above $265, then we'll look for long entries.
TL0 trade ideas
#TESLA #TSLA Short Set UpLooks like the tesla rally is extended on 1H TF. Looking to short it. I have my sell stop / entry at 243.95. Good Luck
Entry 243.95
Stoploss 252.36
TP-1 235.66
TP-2 227.28
Tesla Rebounds From Multi Year Key SupportTesla's shares rose after the announcement of new models.
Tesla shares (TSLA) rose 12 percent in post market trading on Tuesday, tracking gains in the U.S. market after the electric vehicle maker promised new, more affordable models.
Tesla said on Tuesday it would introduce new models by early 2025 using its current platforms and production lines, while backing away from more ambitious plans to produce an all-new model expected to cost $25,000.
The rise in Tesla shares provided a much-needed boost after Tesla struggled for months with tough competition and declining sales.
In technical terms, Tesla shares are supported by a multi-year uptrend.
In addition, resistance trend line is also pointed out.
Everyone are calling to short this resistance...Hi bears this is a warning i would like to introduce you to any bullish scenerios that are very likely to happen based on the information we know.
as you all know, we are at resistance after what you may call a fakeout
The most bullish scenerio is if we find enough enthusiastic buyers at the 0.85 fib this is a bullish retest and if we find them your so called resistance becomes support in which case you will accumulate your short position and will be the fuel for a momentoum drive up
the same can happen at the 0.786 fib
the lowest we go in this bullish idea is to golden pocket from 0.618 and 0.5 these are supply zones ever since tesla posted its deliveries.
how much money are you willing to risk? (bears as a whole)
how many positions in shorts are you willing to place?
if you are wrong (quick reminder optimus showcase at 8.8) your money will just turn into tesla fuel.
i know my lines are disgusting but my idea is a very possible scenerio
my target to any of these bullish scenerios are the 1.618 at 365 for a start before anything else happens. buy the rumor sell the fact.
dont say you werent warned.
TESLA LOCALLY OVERBOUGHT|SHORT|
✅TESLA is approaching a supply level of 266$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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$TSLA pullback on RSI 85NASDAQ:TSLA incredible move from 185 to 250, RSI 85, pullback is near before next wave, early entry short if +1.5% and higher Monday
TSLA at pit stop at 250 after multiple Gap UpTSLA making pitstop at every 50$ forming series of Support and Resistant at 100, 150, 200, 250, 300. This price structure is important for us to take action at right place and right time.
FiFT triggers +ve Buy on Dip (BoD) signal on 24 April and MCDX shows first sign of MCDX buy volume at 150 Support Zone. You can apply BUY at SUPPORT strategy here.
Another MCDX Buy momentum detected on 12 June pushing MCDX Sell to 0% (insignificant).
Slow Turtle Buy breakout on 17 June with Strong FiFT and MCDX Buying Momentum.
MCDX Buy % crossing 75% on 25 June and breaks above long term downtrend.. Since then, TSLA turning into SpaceX mode with multiple Gap Up to the moon.
MA Rainbow turning GREEN which signify TSLA is now UPTREND.
Next trarget 250, 300 ...
TSLA ~ 340A deep fall is followed by a legitimate correction
The impulse has gone down, so according to Elliott the corrective zigzag ABC will go upward
C = 1.618*A
TSLA SHORT We are now at the second half of the year. By use of quarterly theory, it is also evident that we are in the third quarter. I see (XAMD) pattern. by which the X is clear to see it as reversal
For knowledge purposes, X - Reversal/Continuation, A - Accumulation, M - Manipulation, D - Distribution.
Usually, we have either a (XAMD) pattern or (AMDX) pattern.
For Tesla. the pattern we identify, is also the zone which broke structure to the downside. On plotting the fibs from the initial high of the original trend and the recent low, is at 70.5% - 78% zone. Which adds to the confluence.
Hence primed for a ripe selling pressure about to come on board.
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe!
Multiyear trendline breakout in Tesla!
Inverted Head and Shoulders Pattern formation at Support!
Neckline breakout in Tesla!
Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
What should we do about Tesla Hello everyone
I think we should wait again for this symbol and let it to show us what will make in this channel.
Note : sometimes you need to draw your channel so soon and one of my techniques that help me to trace more reliable channel is find as many as reactive points between the midline of my channel and minor pivots.
To make it simpler let me show you in the chart.
Do not forget that my English is not so good but I am trying to make it better.
TESLA STOCK: $300+ SOON? (July 5, 2024)Can Tesla go for $300+ in July 2024? Could we pull back in price? Let's look at history & find out what happens during this stage of Tesla's bull run!
TESLA Horizontal Resistance Ahead! Sell!
Hello,Traders!
TESLA is going up now
But the stock will soon
Hit a horizontal resistance
Of 265$ and after the
Retest we will be expecting
A local bearish correction
Sell!
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TSLA, down before up?Could pull back from the .786 back down to $219 or $209 before ascending higher.
NOT FINANCIAL ADVICE this is just how i observe price action responds to specific fibonacci levels.
Tesla is ready to take offLook at this beautiful RSI!
It just broke out and retested the support line.
Perfect pattern before takeoff.
How high will TSLA go? $280 or more?
TESLA IS REALLY BOTTOMINGBased on my previous post, looks like it is what i was expecting
I have been actively bought tesla for the past few days
For the short term view, the latest price action (the Black color line), was a sign
that the price structure has been on going for a change of character (ChoCh)
-this might be a sign that the next path will be in an uptrend
With influx of Demand Vol & Combination of 3rd Wyckoff Law, i am long for Tesla
Absolute Pure Wyckoff
Tesla is back in action, chart suggest a potential upside move(1) The price took a significant nosedive, with a correction of nearly 75%.
(2) After a period of consolidation, the price has successfully broken through its trendline resistance and is now on an upward trajectory.
(3) Sitting at a 68% decrease from its peak, this could potentially be a promising opportunity for long-term investors.
TSLA - UniverseMetta - Analysis#TSLA - UniverseMetta - Analysis
The price after the previous review fulfilled local goals. Now you can observe a breakout of the global trend line with possible consolidation behind the line, which may suggest the beginning of a 3-wave structure; you can try to continue holding or gaining Long positions. the most likely option is a correction after a strong impulse, where you can buy at the best price. If a retest of the border occurs, it will be possible to safely hold it up to levels 300 -460.
Target 300 - 380 - 460
Possible $TSLA Pullback on Friday 07/05/2024?NASDAQ:TSLA has moved up from $195.24 on last week Thursday, 06/27/2024 to $248.50 on the shortened trading day 07/03/2024, that is $51.15 (26.20%) increase in 5 trading days. This kind of steep trend of price action will not go forever and the price action has to come down to some level. On Wednesday 07/03/2024 itself, NASDAQ:TSLA was flagging and going down below $240, however supporters showed up and ended up driving the stock to $248.50 by end of the day. Expect a correction/pull back on Friday 07/05/2024, to the Fibonacci levels. Since NASDAQ:TSLA does not follow the over all market trend, please watch out if it crosses $250 steadily (I would enter at 254 to 255 level), then the next stop is 270. Please note that NASDAQ:TSLA touched $300 in July 2023.
