As we can see on the daily timeframe, starting from April 14, the price has been moving in a downward channel and Tesla has dropped by 30% from its highs that were in January of this year. Now the price has bounced off the support level and growth is possible, but most likely the price will continue to fall and may drop to $ 500 or $ 450, which will already be 50%...
Hey friends! $TSLA still NOT at the DEEP. Take care your money!
DO NOT BUY IT NOW!
Now im waiting for shake out before real movement to the new high. Whats on based my opinion?
1.Usually $TSLA have more than 3 weeks correction from the earnings report (after split).
2.Probably we will touch weekly 50MA in future and
3.Its also 0,5 fibo on the log...
In contrary to my other post which pointed out a bullish pennant, there is also a bear flag forming on the daily chart. This does not look good for bulls since if there is a break below the flag, it may turn nasty. Hence, it is better wait out before impulsively buying solely on the bullish pennant.
Note: Not financial advice. I bring the evidence, you be the...
A bullish pattern is forming on the daily chart for Tesla, which is known to be a consolidating triangle/pennant. As we all know, TA is all about the price patterns repeating themselves. This can be a clear example of that. As you can see on the left, in 2020 we saw a clear consolidating triangle forming around $400-$500 range, and soon after, it broke out above...
A good place to bid some TSLA may well be this ascending trendline that has confluence with the golden pocket of previous up leg
Could treat it as a swing with stops below 619 and TP's around 815
Might make this trade on a crypto exchange to try the tokenised stonks out
I hate charting the gaps. Bankers need to control the open and close so they can manipulate...
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
- Clear bull market with consistent highs being created
- Recent 61.8 fib rejection as bulls begin to regain positions
- Expecting piercing of previous highs before retest followed by push to fib extension target
Another Tesla call here, it looks like we may break a little higher to form a higher timeframe double top.
I am not trading this right now but my breakdown and bias remains the same regardless.
I called the previous short perfectly and now I will attempt to call the next bull move higher so let's see if it is correct.
Let's go Ninja's! :)
Previous TESLA chart played out almost perfectly. We were anticipating a deeper correction back to the trendline, which we got! We can now look for continuation patterns and ride this wave to the moon. See you there ;)
See linked chart for previous Tesla chart.
Ongoing Corrections on TSLA may likely drive price down below 500 before another rally can take price up above 700#
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades