Technicals:
DAILY:
Stage 1 Ichimoku Crown Pattern
DQ d1v Crown Volume Validation
uRd developed from Feb 2024 until Mary 2024.
Crown retracement has reached the 50%-61.8% buy zone.
This is just a sheer technical bet that TSLA will recover, reverse and get to 200 or more by August 2024. If I am wrong, then I have my stop below 130 if this pattern goes bust.
My plan for Tesla over the next few sessions of ideas.
Its rather clear what I'm looking for here.
I'll use NASDAQ:TSLT (leverage) to average out the larger DCA issues should it start to get away from me while using regular NASDAQ:TSLA for the main idea.
I like doing this so that it is a lot easier IMO to catch back up with the in between moves as well...
Am expecting price to continue trending DOWN in the short-term.
BUT ... appears a Bull Flag is in the works so am expecting great news from Musk in the future over the next years.
I published the chart on a WEEKLY perspective.
See the text within the chart for more details.
Is Tesla set to touch the 199.0 level again? The 1-hour chart shows a retracement from the 170.0 level, and the zigzag pattern confirms a bullish continuation. Additionally, my custom RSI has given a buy signal. Let's see what happens next!
1) I applied 2 moving averages which have 5 period(red one) and 20 period(green one). Red one cut below orange one it is sell sign.
2) Descending triangle occurred here and previous support line was broken. On the other hand, Pullback has happened but it could not reach above of this support line. Descending triangle is generally reversal pattern in technical analysis.
Given the NEo Wave analysis of the TSLA in 1h, 4h, and daily time frames, we assume that the correction is over, and after the current correction, only long positions are viable.
The details are self-evident on the chart ... been following this guy since the beginning. An end of an era or maybe just a slight reset until what's next reveals itself in the charts.
Fib extension of 2.272% maxed out at the top. If you're a believer, plan your next steps accordingly. And, enjoy every sandwich :)
NASDAQ:TSLA
Tesla is known to drift higher after a negative earnings report, which it successfully proved this time around. Looking at the indicators, I assume that the top has been reached. Fundamentally, there is nothing to support further price increases. I am anticipating the closing of the gap that formed right after the recent low.
Looking at a daily chart on tesla we can see reversal pattern building as price rounds over into the previous major pivot low of $152.
As price is pulling into this area notice how each push down is getting smaller and ending sooner than the previous.
This is a daily chart considering the cuvature of the trend and angles ploting highest zones of probability in...
I'm applying a similar approach to Qualcomm, observing its interaction with a trend line that has served as both support and resistance for years, spanning over six years. This trend line is currently acting as a point of resistance, but given the robust market conditions and compelling reasons for a breakthrough, it presents an excellent case study. My charting...
"Interesting trends in support and resistance can be gleaned from this analysis. The displayed prices play a role in profit-taking, allowing you to further analyze the direction."
NASDAQ:TSLA has been in consolidation between $170~$175. Last Friday it managed to closed at $177 giving a signal that price is now in breakout. Macd at 0 signal to upside with RSI and William% pointing rising bullish divergence. The first target is $193 .
