TESLA 29/12Pair : TESLA Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and making its Retracement. Completed " 123 - ABC " Impulsive Waves and Break of Structure
Teslaprediction
TESLAPair : TESLA Index
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame and Bullish Channel as an Correction in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. It has Completed " 12345 " Impulsive Waves and " A - wxy " Corrective Waves
Entry Precaution :
Wait for the Proper Rejection
A Macro Analysis of TESLA: The Case For Being Range BoundHi guys and Welcome!
As a trader its empowering to overanalyze an asset you would like to trade.
To think of various potential associations or the direction that price action can have or go.
It reduces any surprises and allows for you to be ready and strategize adjustments.
And just NOTE: That this is just an idea/ theory and it does not have to play out as mentioned but i would urge us to atleast keep this idea in the back of our heads.
Things have been great this year, with many big names booming in price.
Many people calling for New ALL TIME HIGHS for many names.
This is also true for TESLA.
But what if we don't see all time highs in Tesla? What if in fact we are range bound, hitting the top of the range only to travel to the bottom of the range for a duration of time before we attempt new all time highs.
It sure is a possibility, as we have done so previously.
From July 2013 till the breakout in December 2019, we managed to stay in a RANGE.
(Roughly 2345 days or 6ish years).
This is not a bad thing per se. It helps the asset consolidate, create market structure and allows companies to stabilize, allowing them to fulfill the desires of investor sentiment, thus moving higher eventually.
If you can determine the levels of the range, it is also tradeable. More on that in future posts, as i will be monitoring TSLA like a hawk.
Now looking at our current RANGE. We've gone so far 1093 days. If history is any indication, we are about almost half way through our RANGE bound journey.
Note that if we are range bound, it doesnt have to mirror our previous data point.
Also that Investor SENTIMENT for TSLA is different now.
Also don't discount the fact that currently we are bullish in TSLA, so possibilities of seeing $400 sooner than later is likely, until proven otherwise.
Could we break out or do we double top/ stay range bound?
That would be the place to re-assess the situation.
One major factor in my opinion to help us determine what might happen is VOLUME.
I think for us to really solidfy this idea of making New ALL TIME HIGHS, volume has to continue to increase and really spike when we reach the $400, RANGE TOP.
We don't want to see volume below the PURPLE LINE DRAWN, but rather have it follow the GREEN arrow. Showing consistent growth and high volume.
Also another thing to watch is the RSI.
NOTICE the Black trend lines drawn.
When we broke out of our 2013-2019 Range, RSI broke past the Black trend line to continue into our HIGHS.
Come to current time, we are quite far off the Black Trendline drawn. This is something to watch.
Again, history does not have to repeat in current price action BUT it does provide data on what could potentially happen. As a trader it is important to always try to see different angles.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on TSLA in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
Tesla-TSLAExcellent chance to sell. The price break of the trend, according to my analysis, you can find the entrance area by checking further, although I also marked the zone in the following picture. To notify the analysis, follow me and contact me if you have any comments or questions.
TESLAVAL level must hold or else Tesla price will go to the yellow X (~182$) as the next target. Elon Musk Twitter news might have effect on the price.
Tesla is going to form wave X, a 65% retracement from ATH!The giant company may form X wave, after completing an ABC triple structure. DYOR
TESLA - HEAD & SHOULDER PATTERN: SHORT!Hi there,
As you can see, TESLA has done a HEAD SHOULDER pattern. So our PROFIT TARGET will be the SUPPORT LINE below.
kind regards
Tesla- I "Knew it" guy to I "Do it" guyI Shouda got those $360-$370 Tesla puts...
Do you ever say stuff like that? yeah, me too. we all do. and will continue to do so.
But when starting to invest/trade you may find yourself doing it much more often.
To the point of making emotional trades or getting stressed out.
Just remember. stick to it. you'll get there....
After months & many hours deep diving into everything tesla.
based off of my technical analysis. and all the indicators and trends.
i must say....well, the most important thing for all traders to know is this.
Me Tinks Tesla go down down. it not stay down down foreva doe. tank you buy'sssssssssss
TSLA sell or not? NASDAQ:TSLA
Based on my technical analysis , price is currently in a bullish move.
On july, It recently broke out of the bearish trend line .
After the break it retested and continued bullish
However, as you see, I discoverd bearish crab pattern in the chart.
Considering the 4 cases, I drew the arrows in 4 different colors.
check the circle's price range
As the arrow described, TSLA will be correction and try to breakout resistance zone.
Or it try to breakout without correciton
As guess, 778~821 will be resistance zone
Let us wait and see what happens
Please do your own research before putting your own money into the markets.
smash a Like button and leave a Comment, I appreciate every support.
Any feedback and suggestions would help in further improving the analysis
Goodluck :)
Did Tesla Find its bottom? We will see; $1000+ By summer? 4hr4 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!
Tesla predictionWe can see hidden bearish so a short position can be made after the break of trend line.As the it will confirm the analysis moreover the trend line can become a support also so wait till the trend line bread and confirm as the candle close below it.
TP and SLare shown in the diagram
Do always use trailing profit
If you like my analysis do like and comment below whether you agree or disagree from my analysis and do follow me. As I regularly post the prediction on all major forex currency pairs,gold,bitcoin,and stocks like Tesla
Note this is not a trading advice and I am wrong 100%
