Hi everyone,
I've been helping out a friend of mine with the analysis of #Testla since a couple of months, so now that i have a more detailed analysis, i would like to share this with you all.
Tesla it's been really volatile so for those who like volatility on this kind of market, this is one of the few ones. You may take good profits, but at the same time, you may want to move carefully because you may find yourself on an uncomfortable situation.
Again, and as usual in my analysis, i base it using Fibonacci Retracement, some line systems that i've created to support some other systems like Chuvashov Fork and Inverse Chuvashov Fork. Regular Trends Channels and Patterns when it's needed. Ill be moving around in time frames so ill recommend you to look closely the times if you check in detail the charts.
Hope you find this interesting again, and hope it helps you some how with your trends. This is the first phase, ill upload in a couple of minutes more in depth what is going on and what could we expect from now on.
Cheers ;)
Charter X
I've been helping out a friend of mine with the analysis of #Testla since a couple of months, so now that i have a more detailed analysis, i would like to share this with you all.
Tesla it's been really volatile so for those who like volatility on this kind of market, this is one of the few ones. You may take good profits, but at the same time, you may want to move carefully because you may find yourself on an uncomfortable situation.
Again, and as usual in my analysis, i base it using Fibonacci Retracement, some line systems that i've created to support some other systems like Chuvashov Fork and Inverse Chuvashov Fork. Regular Trends Channels and Patterns when it's needed. Ill be moving around in time frames so ill recommend you to look closely the times if you check in detail the charts.
Hope you find this interesting again, and hope it helps you some how with your trends. This is the first phase, ill upload in a couple of minutes more in depth what is going on and what could we expect from now on.
Cheers ;)
Charter X
Comment:
Im going to have to put this in two parts cause it says it's too long lol ajajaj so here we go:
Comment:
Ups, just replied to myself lol.. im so darn tired ajajaj anyway:
Hi again,
So, i was going to post earlier the #analysis but suddenly i started to see a few things at the same time i was writing this down, and i decided to analyze it better, that way i could share with you more in depth about fractals, cycles, etc., which as usual, is the main type of analysis i do on almost all of the charts i work with.
Sometimes it's really hard to detec them because as i mentioned before in other analysis, fractals reapeat but some points that used to be at some lower levels,
in other time they are presents but in highr levels because some external factors besides human reaction that affect the prices.
Im gonna start with the next image so we may start from scratch. Before a bull run, there's always a small fractal at the very beginning in small size.
In the case of #TSLA, i believe this is the one. I had to look at it very closely and in small time frame, 2HS to be precise, and go all the way back from July 2009 to October 2010. At the very first beginning of register that we have in #tradingview.
This is the base i just drew after posting that i was about to start this extreme detailed analysis.
At the top we have the fractals in 1D Time Frame and at the screen of the bottom we have the main fractal structure, at least in my opinion.
i have separated them and marked them so if i change the time i can visualize better.
The Fractal X is the Start Point. Fron this little one starts everything. As you may see, Fractal X1 is the same, more detailed in 1D chart. But if we change the time we will notice that Fractal X1 and X2 becomes the same fractal X, thats why i marked as Fractal X Extended.
Ill Try to illustrate this using this two windows in those frames for the momment. So if i draw using Cypher Pattern tool the first part of Fractal at 2hs i have this
But actually, that same Pattern in 1D time frame it is equal to:
And if i go from 1D time frame to larger one i would have to take part of Fractal X (Start Point) because it would be equal to XAB part. Get where im going?
Maybe it sound a little bit confusing but once you get it everything it would be easier. The hard part is to find and devide the precise fractal and then pick the right on at the time frame that could better match the bigger scale. That is really hard. But as everything in life, once you have a lot of practice and lot of charts done becomes natural. :)
Hi again,
So, i was going to post earlier the #analysis but suddenly i started to see a few things at the same time i was writing this down, and i decided to analyze it better, that way i could share with you more in depth about fractals, cycles, etc., which as usual, is the main type of analysis i do on almost all of the charts i work with.
Sometimes it's really hard to detec them because as i mentioned before in other analysis, fractals reapeat but some points that used to be at some lower levels,
in other time they are presents but in highr levels because some external factors besides human reaction that affect the prices.
Im gonna start with the next image so we may start from scratch. Before a bull run, there's always a small fractal at the very beginning in small size.
In the case of #TSLA, i believe this is the one. I had to look at it very closely and in small time frame, 2HS to be precise, and go all the way back from July 2009 to October 2010. At the very first beginning of register that we have in #tradingview.
This is the base i just drew after posting that i was about to start this extreme detailed analysis.
At the top we have the fractals in 1D Time Frame and at the screen of the bottom we have the main fractal structure, at least in my opinion.
i have separated them and marked them so if i change the time i can visualize better.
The Fractal X is the Start Point. Fron this little one starts everything. As you may see, Fractal X1 is the same, more detailed in 1D chart. But if we change the time we will notice that Fractal X1 and X2 becomes the same fractal X, thats why i marked as Fractal X Extended.
Ill Try to illustrate this using this two windows in those frames for the momment. So if i draw using Cypher Pattern tool the first part of Fractal at 2hs i have this
But actually, that same Pattern in 1D time frame it is equal to:
And if i go from 1D time frame to larger one i would have to take part of Fractal X (Start Point) because it would be equal to XAB part. Get where im going?
Maybe it sound a little bit confusing but once you get it everything it would be easier. The hard part is to find and devide the precise fractal and then pick the right on at the time frame that could better match the bigger scale. That is really hard. But as everything in life, once you have a lot of practice and lot of charts done becomes natural. :)
Comment:
So, back in business, if you keep drawing you will get something like this:
At this point you may see how it match right? Some pikes are at some different levels but the formations are in cycle. I had to fixed one point at the end of the fibonacci on Fractal X1 but, anyway, that's normal when doing this type of graphic i use. Just mention it in case you are interesting on learning or trying this method. Dont hesitate to ask questions if you want, cause i've learned this all by myself and dont know if you will learn this method anywere else jeje lol.
Try to be organize the best you can cause moving to other times, would force you to hide and unhide some graphics.
Now, if we move to weekly charts, Fractal X+Y will give us a new fractal.. this would be te forst part of bigger one. Just take tat in mind
Let's move on to what im sure you all wanted to know before i started to talk lot of crap you possible wont even read jajaja, hope someone does :P cause
it's taking time to do it... i even start thinking to write a book at this point since i talk to much lol!
So, here things start to get a little bit harder because in 1D time frame price bouce in a really larger way than 2HS and
sometimes gets confusing because there are some differences
It took me like an hour in my mind to understand that it does function sometimes like this. My brain could not understand it but if you see the Blue Pattern
in both time frames, they reacted lot different. This was the hardest point for me to understand. Because of that little piece of the puzzle that did not match, i was not able to be sure in which part of the fractal i was standing up. I would have to goo deeper in time than 2Hs to see that the second part of the Blue Pattern, the big fall in 2hs was the sectioned part of the fall you see in 1D Chart.
I mention this because that could drive you crazy sometimes, so there's gonna take lot of patience from you and be open minded to understand it.
So after solving this we can move on to this:
Again, some variations but we got to the point of interest, right where we are today. So personally, if this is right (which i personally believe cause i've been using this methods and trading having really good profit), the price will fall down till around 175, right exact at that Yellow line. I have not explained that cause that a line system i use and it is a different story but my point is, if you pay really attention, the same yellow line that comes from way back from the beginning, at the end of Fractal X2.
There could be a fake break, i would not be surprised but if price manage to stay on top of that support line, ladies and gentlamans, that a solid and good sign to start buying, cause a new cycle will start soon and i did not mentioned yet because it is too soon, but if you noticed, i used different colors from other fractals. I did this because it is too early to suggest that right now whe are only ate the XAB of Fractal X but in a really huge and mayor scale, which could mean than in 5-10 years, we could be at other price level, and im talking big numbers. This it's the beauty of technological companies stocks.
So! this it's all for now, i need a rest after this jajajaj. I will not get into RSI, MACD, RSI Mirror, etc right now because i have no time left for now, but i will try to get back and share more drawings when i have the time.
Hope you enjoyed this and you find it interesting and helpful as usual. Again, just my personal ideas, and no trading or investments advice. Use it on your own risks.
Cheers!
Charter X
At this point you may see how it match right? Some pikes are at some different levels but the formations are in cycle. I had to fixed one point at the end of the fibonacci on Fractal X1 but, anyway, that's normal when doing this type of graphic i use. Just mention it in case you are interesting on learning or trying this method. Dont hesitate to ask questions if you want, cause i've learned this all by myself and dont know if you will learn this method anywere else jeje lol.
Try to be organize the best you can cause moving to other times, would force you to hide and unhide some graphics.
Now, if we move to weekly charts, Fractal X+Y will give us a new fractal.. this would be te forst part of bigger one. Just take tat in mind
Let's move on to what im sure you all wanted to know before i started to talk lot of crap you possible wont even read jajaja, hope someone does :P cause
it's taking time to do it... i even start thinking to write a book at this point since i talk to much lol!
So, here things start to get a little bit harder because in 1D time frame price bouce in a really larger way than 2HS and
sometimes gets confusing because there are some differences
It took me like an hour in my mind to understand that it does function sometimes like this. My brain could not understand it but if you see the Blue Pattern
in both time frames, they reacted lot different. This was the hardest point for me to understand. Because of that little piece of the puzzle that did not match, i was not able to be sure in which part of the fractal i was standing up. I would have to goo deeper in time than 2Hs to see that the second part of the Blue Pattern, the big fall in 2hs was the sectioned part of the fall you see in 1D Chart.
I mention this because that could drive you crazy sometimes, so there's gonna take lot of patience from you and be open minded to understand it.
So after solving this we can move on to this:
Again, some variations but we got to the point of interest, right where we are today. So personally, if this is right (which i personally believe cause i've been using this methods and trading having really good profit), the price will fall down till around 175, right exact at that Yellow line. I have not explained that cause that a line system i use and it is a different story but my point is, if you pay really attention, the same yellow line that comes from way back from the beginning, at the end of Fractal X2.
There could be a fake break, i would not be surprised but if price manage to stay on top of that support line, ladies and gentlamans, that a solid and good sign to start buying, cause a new cycle will start soon and i did not mentioned yet because it is too soon, but if you noticed, i used different colors from other fractals. I did this because it is too early to suggest that right now whe are only ate the XAB of Fractal X but in a really huge and mayor scale, which could mean than in 5-10 years, we could be at other price level, and im talking big numbers. This it's the beauty of technological companies stocks.
So! this it's all for now, i need a rest after this jajajaj. I will not get into RSI, MACD, RSI Mirror, etc right now because i have no time left for now, but i will try to get back and share more drawings when i have the time.
Hope you enjoyed this and you find it interesting and helpful as usual. Again, just my personal ideas, and no trading or investments advice. Use it on your own risks.
Cheers!
Charter X
Comment:
Hi there,
It's been a couple of months since i published this idea. Since these are markets with long histogram,i believe it's good to give it time to flow.
At the end the idea was good and right as you may have noticed. This was a hell of profit. Hope this helped someone out!
This is a little update a 5D Chart:
Right now is getting to the supply zone so fight is coming up.
Any interested on info on what's coming next, do not hesitate on contact me.
Have a safe trading!
Cheers!
-CharterX
Telegram: @CharterXTrader
Telegram Channel: @CharterXTradingChannel
Telegram Chat: @CharterXTradingChat
Instagram: @Charter_X
Twitter: @Charter_X_
It's been a couple of months since i published this idea. Since these are markets with long histogram,i believe it's good to give it time to flow.
At the end the idea was good and right as you may have noticed. This was a hell of profit. Hope this helped someone out!
This is a little update a 5D Chart:
Right now is getting to the supply zone so fight is coming up.
Any interested on info on what's coming next, do not hesitate on contact me.
Have a safe trading!
Cheers!
-CharterX
Telegram: @CharterXTrader
Telegram Channel: @CharterXTradingChannel
Telegram Chat: @CharterXTradingChat
Instagram: @Charter_X
Twitter: @Charter_X_