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Teslaforecast

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
NASDAQ:TSLALong
by Mindbloome-Trading
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
NASDAQ:TSLALong
by Mindbloome-Trading
9
Tesla Four Hour surprising correction but how far will it go up?So Based on previous analysis the thesis is we would drop down however this did not occur. With the new thesis we are seeing possible 5 scenarios take shape plus one which is Tesla takes off like a rocket and makes higher highs: however unless confirmed on the Weekly I dont see that being likely as of yet. Currently the 235-238 area is what I am more leaning towards: however that being said the market can drop at one of those five levels shown in the image. So please be beware of it. Any thoughts or questions? What do you like and dont like? Always open to feedback MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Dont Bet Against Tesla while Bullish Strength ExistsHi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart. BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish until Proven Otherwise. Jumping in, our current move is fueled by our Major bounce from a Critical Confluence of Supports. We have the RED ZONE We have the Black trendline We have the 50 SMA We are also ABOVE the 21 EMA, which when support is Confirmed it indicated UPTRENDS. As long as we respect the 21 EMA and stay above it. Volume is picking up as well. WHich is also indicative of the current move. To break ABOVE resistance lines, we need to continue to see VOLUME increase. MACD is also showing signs of waning Bearish Momentum, with Light Red histobar prints and flattening of the Blue line. We need to avoid printing a Dark Red Bar. Instead see print of Green bars with a Bullish Cross. RSI is also getting close to testing the Black moving average i have added. The way i use this is: Usually if RSI is ABOVE the Moving AVerage, it signifies UPtrends. But do note: This current candle closes on the 8th of September. And note that we are hitting some Major Resistance Area. There is always a risk of sell off. BUt as long as we continue the current trends in volume, stay above the moving averages, and maintain patterns in indicators Uptrend will continue. __________________________________________________________________________________ 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.
NASDAQ:TSLALong
by SafofAllTrades
10
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. __________________________________________________________________________________ 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
NASDAQ:TSLA
by SafofAllTrades
2
Tesla Pullback Targets + Major Bull Signal NearingHi Guys! This is a Technical Analysis on Tesla (TSLA) on the 3 Day Timeframe. So we are continuing the move on Target from our Rejection, our Downtrend held by the Resistance Trend Line. A break and confirm above the Resistance Trend Line will indicate a "Trend Change". Till then we are being pushed DOWN in track on hitting our Targets: 1. 0.618 FIB level, around $224 2. Blue Moving Average, the 100 SMA 3. Green Moving Average, the 50 SMA 4. 0.5 FIB level, around $200 Our 1st target is the 0.618 FIB level, but notice how the 100 SMA is hovering just below it. So its likely that we test both. So the natural order of things is that when Price moves above a Moving Average, we need to test it as SUPPORT before moving higher. So this is why i believe we test both 0.618 level and 100 SMA, since we have not yet tested SUPPORT. Watch how we interact with this moving average. Depending on when momentum comes in (indicated by indicators), we may have a strong bounce here due to convergence of 100 SMA & 0.618 FIB and continue upwards. For this reason, this would be my 1st BUY ZONE. Also Note the 50 SMA: We are currently curved upwards, indicating further movement UP. So this line is continuosly changing. Since currently its ABOVE 0.5 FIB level, this area would be my 3rd target to watch. If we end up breaking the 50 SMA, we may go to the 0.5 FIB level. But for now its less probable. A Major event is also nearing. The 50 SMA/ 100 SMA GOLDEN CROSS. Notice on your own charts, how everytime this occurs, TSLA explodes in price. This cross may also prevent TSLA from reaching the 0.5 FIB level. We would need to keep an eye out on the Macro timeframes for further specifics as well. To get details on the Momentum lets look at the MACD. We have recently crossed BEARISH on the MACD. With increasing size and number of RED histogram bars. We need to see lighter colored RED bars. Eventually seeing GREEN bars for momentum to change BULLISH. Also NOTE -> I'd prefer the BLue/Orange lines stay ABOVE the 0 level, indicating the continuation of the overall BULL trend in TSLA. The STOCH RSI -> Also a momentum indicator. We have moved below the 20 level. It's crucial to watch out for the BULLISH cross (Blue line over Orange line) back above the 20 level. This will indicate injection of momentum back into TSLA. The RSI -> Notice our current pattern where the Orange line has CROSSED below the Black line. Normally this indicates Price Declines. So watch where the downward curve of the Black Line and downtrend of Orange line stops Look for a Bullish cross of Orange line getting ABOVE Black line. And just to give perspective, the Price we are at right now while i post this idea. We are 20% cheaper from th current highs. TSLA has out performed many stocks in 2023. So this pullback presents great opportunity. Continue to watch these levels. Take action accordingly. __________________________________________________________________________________ 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. ***Read my Previous Analysis BELOW From 08/03/23 For More Context! 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.
NASDAQ:TSLAShort
by SafofAllTrades
Tesla's stock trend is likely to rise and fallIs Tesla's stock likely to turn bullish into bearish? This chart shows the weekly candle chart of Tesla's stock over the past two years. The top to bottom golden section of November 2021 is superimposed in the figure. As shown in the figure, Tesla stock has already surpassed the 1.618 position on the golden section in the past two weeks, and is about to challenge the next strong pressure, which is the 1.382 position on the golden section in the figure! Due to factors such as the global consumer downgrade and the imminent launch of Tesla's affordable models, Tesla's stock is likely to turn bullish into bearish! In the future, just use the 1.382 and 1.000 positions of the golden section in the figure as the long short water separation interval operation! Sell high and buy low within the range, and chase up and kill down outside the range!
NASDAQ:TSLA
by Think_More
We Like TSLA but Stay Away from it Now !!Technical Analysis: - TSLA is doing a WXY structure where the wave X in blue is in progress - We expect that the correction will end when wave Y in blue will be completed at around 130 ~ 140 - WARNING : The invalidation level in green can not be crossed but if it's crossed then TSLA will go into more down side - TSLA H1 and H4 Right Side is turning up. So we expect that the near term will extend higher Technical Information: - If you're a swing trader , don't buy TSLA now - You must wait for the correction to be completed in wave Y in blue
NASDAQ:TSLA
by Market-Right-Side
4
TSLA Is Very Close To BounceTechnical Analysis: - Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 1~2 days - TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy - TSLA can't cross the green validation level in order to support higher bounce in wave 3 Tesla Right Side - H1 right side is turning down - H4 right side is turning up Technical Information: - Don't sell TSLA now - Wait for wave ((2)) to be completed in 1~2 days to buy
NASDAQ:TSLALong
by Market-Right-Side
2