Long, target 210.9Following 1h chart and got a long signal.
TP1 - 203.5
TP2 - 210.9
SL - Close under 194
TSLA trade ideas
TESLA: Building up the next bullish wave to $300.Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by the 1D Golden Cross of July 29th. We anticipate the new rally to cross above both R1 and R2 and target R3 (TP = 300.00).
See how our prior idea has worked out:
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thinkin about teslaThis ones obvious, dont need to even get into it.
Self explanatory, just have a look at it, and itll tell ya all you need to know
if you dont see it, euf... buy a book
$TSLA Ready to go bullish?
First of all, the price has broken above the downtrend line, and started to moving in a uptrend market.
However, according to the trading volumes, more chips are bought in the top area, meaning that there's strong resistance above the current price.
Therefore, I think the price might continue to fluctuated below the resistance area in a short term period.
TSLA turning bearish? Tesla had a strong attempt at breaking out but it got severely rejected.
Often when price fails a directional move it attempts and tests the opposite direction.
I would favour Lower price action based off o f this volume rejection.
If prices loses any more of the upsloping trendliness Tesla can be in for much Lower price.
TSLA contraction (retest of 260$)This is a quick update attached to the TSLL chart. I expect this breakout to give another bull trap for TSLA investors/traders. A surprise 50 basis point rate reduction could cause markets to rage in general. Investors will again realize TSLA is overvalued as it approaches 300$ and the stock will go to sub 185$ next year.
Tesla made second backtest on Trumpet ….NASDAQ:TSLA
Tesla went above violett Trumpet pattern in June but failed to stay above early August.
Last week we went above violett down trend but stopped Friday after heavy selling at the line - Today looks like backtest was successful!?!
If this time we stay above, much higher prices are guaranteed (!)
TSLA Short IdeaTSLA had another big fakeout above the major trendline from 2021 again last week and that sets the stage for a continued drop if it can't quickly reclaim. We also have a shorter term uptrend that as well that may lead to a flush below. I think this is a good spot to enter puts and target $200 and potentially even lower with a stop back above 220-222.
TSLA: Buy ideaOn TSLA, we are in an oversold zone. Therefore, looking at the configuration on the chart, if we have the breakout of the vwap forcefully by a large green candle and followed by a large green volume, it goes without saying that we would have a high probability of seeing the mounted market.
Furthermore, if the support line is broken by a large red candle and followed by a large red volume, it will be clear that this will be a continuation of the downtrend.
Tesla 30 Min Correcting up now !!!!!!Good morning traders
Here is your 30 minute view of what the market looks like its doing:
Currently we have some strong resistance at 220-223 area: my best thesis is we hit here and then fall back down.
However we follow the market not predict it therefore if those levels break then I would not be surprised we go back to the top correct a touch and then break through and head up to the 280 range.
Any questions, what you like and dont like let me know happy to help where I can
MB Trader
TSLA Update - What went wrong and why we can still be bullishThank you to my followers for holding me accountable for a lapse in discipline - I identified a trade opportunity that had conditions - and some of those conditions were for us to taper along our tapered selling purple toward yellow and to see a yellow pickup. Clearly we didn't taper toward yellow and I jumped into a position on the touch of yellow. From the start there was signs against it as we had no tapering and the reaction to yellow was not what we should expect from a true strong bullish algorithm. When I had the chance to get out on a pullback and retest of that same yellow, I did, albeit for a loss on that trade.
Keep in mind, we are most recently respecting orange (more tapered) buying continuation. We can very easily get picked up here as we did a few weeks ago and make a strong ensuing move. However, the conditions need to be met where we find price tapering and building liquidity in our purple and green controlled selling algorithms prior to getting picked up by orange and activating yellow.
We will see what happens - but as always, prepare your trade as best as possible so that no matter what happens, you know when you're getting in and when you're getting out.
I can do better and I will do better - Let's all be better this week! At the end of the day, we are nothing without our discipline so that must stay top of mind when trading.
Happy Trading :)
Tesla (TSLA) is currently trading within a broad sideways channeTesla (TSLA) is currently trading within a broad sideways channel, indicating a period of consolidation in its price action. This range-bound movement suggests that the stock is experiencing indecision among investors, with neither buyers nor sellers gaining a clear advantage.
As TSLA oscillates between the upper and lower boundaries of this channel, it presents potential trading opportunities for those looking to capitalize on price fluctuations. Traders should closely monitor key support and resistance levels within this range, as a breakout in either direction could signal the next significant move for the stock.
In summary, TSLA's presence in a wide sideways channel highlights the importance of patience and strategic planning. Keeping an eye on market developments and technical indicators will be essential for navigating this phase effectively.
TSLA Outlook NASDAQ:TSLA
Weekly outlook of Sep 9
TSLA fell 8.5% on Friday however:
- Price seems bouncing around price area of $210
- no lower lows formed yet (uptrend still holds)
- Oscillator forms hidden divergence (bullish)
- Critical price area of $220 may retest
- TSLA is literally MEME stock now and there is bullish sentiment around the news of Elon Musk is expected to be set to run DOGE (Department of Government Efficiency)
Therefore 2 scenario may in play next week:
1. Bullish case - Correction is inevitable
pullback of $215-220 is expected on Monday
If price breaks up $220 area, pushes 3rd leg to fill the gap around 236-245 area
2. Bearish scene - ABC correction ends and the price gravitates down under$200 area if price action breaks $208 forms lower low
VWAP PressureKey Features and Utility:
Intrabar Focus: Unlike standard VWAP, which provides a cumulative average throughout the day, the Intrabar VWAP focuses on volume-weighted price calculations within shorter time frames. This allows traders to see how price and volume interact moment-to-moment, offering a granular view of market sentiment.
Market Pressure Analysis: The indicator examines the difference between a smoothed weighted average price of the close and intrabar price movements. This analysis helps in identifying the market pressure at high volume areas. When the market exhibits high volume at low prices within a bar, it suggests accumulation, whereas high volume at high prices indicates distribution.
Momentum and Pressure Shift Signals: By applying a modified MACD calculation to the smoothed difference, the indicator provides signals on shifts in market pressure. Positive values indicate upward price momentum (buying pressure), while negative values suggest downward momentum (selling pressure).
Tesla 4 hour- Daily are we correcting up if so how high ? Good afternoon traders
Currently basing on my thesis I see a correction of some sort how high this correction will go I am unsure however we do have some levels in place that will allows to understand where this market can go to.
Currently right now lets see how the market opens and see which levels hold which levels break.
Watch the video and let me know if you like it, hate it or want me to create more videos on how I trade and why in more specific detail.
Happy trading everyone
MB Trader
Tesla Video Analysis on the Monthly and Weekly Bearish ? Good morning everyone MB Trader here
Hopefully everyone is gearing up for a great week of trading:
Based on what we are currently seeing some current levels we will be hitting lower down to 150 range possibly lower if this market breaks down further.
Let me know what you think of the video; hate it , love it , want me to make more videos on something in particular let me know
Happy Sunday
MB Trader
Tesla Stock Correction: Eyeing a $300 Target? (READ THE CAPTION)By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent interest rate cuts, we might gradually witness a price increase after this initial correction. I am forecasting a mid-term target for Tesla stock above $300.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Tesla High Timeframe Analysis - Targeting 2023 HighsDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only, showing how I intend to participate in this market. Trading involves significant risk. Do your own due diligence.
Utilizing my Multi Timeframe strategy, I have identified that I would like to look for LONGS on Tesla. To clarify, I'm not saying I'm blindly longing this market. If I see price action that checks the boxes for this strategy, I will take the long. Until then, I do NOTHING.
Feel free to shoot me a message with any questions.
Have a great week!
TESLA: Growth & Bullish Forecast
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy TESLA.
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TSLA ShortWe have a Weekly and Monthly Seller on the tape for TSLA. If no brave buyers are gonna step in front of this then it will get messy.
Pivot 216
Pivot 232
TSLA Respecting lines and levelsTesla has been in a bullish channel since the August drop. It tested 231.90 resistance yesterday successfully intraday, but closed below. Today it gapped up over that level but sold off aggressively down 8.45%. Interesting enough it closed right at the bottom of its channel, but below 214.24 support. If this can get above 214, go long, otherwise sub 200 inbounds.
TSLA: DOWN before UPShort term turbulence for the month of September. Today was the worst first week of September in a long time. Sign of sentiment to come, in the short term, perhaps?
Happy Friday
Everybody is bullish until they’re notLooking at the other side of the coin here. Yes fed is about to slowly drop rates. But where is the economy actually at.
I see this as of now as an abc correction. Housing is more expensive than ever before. Personal debt and national debt has increased dramatically. Seems as though everyone is expecting this big bull run. I see Tesla struggling to get above major trending.
