High probable Tesla crashes to $500 level People be cautious if try to hold long position at this level
Om Namah Shivay The late 2020 surge of Tesla brings the focus to the incredible journey which is still left to unfold. A forecasting study of the price trend with Elliott Wave. This is for educational purpose only. There is no trading suggestion in this. Om Namah Shivay
Tesla Inc Looking Bullish Go For Buy Trade
#tesla #technicalanalysis today's day trade tesla motor
Tesla is in ascending triangle which has bias to break to the upside. Good fundamentals and strong demand. RSI is also in ascending triangle. I expect the price to either retest the uptrend line or break the $460 mark and go for $500. How to play this? So either buy the break of $460 or set a long position at $415 for improved reward. Good luck! Tibor
How a tradingview algo indicator easily defines the Tesla scalping. just check...
trendline watch a breakout or a give up like earlier
After giving a huge upside rally, tesla is about to lose its pace as it has reached in the last phase of a five wave structure. The fall will begin soon as a corrective downside journey. The target level can be expected to the previous 4th wave.
Tesla has made dark cloud cover pattern near the top of trend channel. RSI divergence is also appearing on daily chart.if breaks low of 2186 then we might see 2025 and lower levels. 1650 is the zone where market had made breakout. It will now acts as support for the consolidation. Break of yesterday's high will negate the bearish view.
Buy Tesla in dip at 1560-1530 SL below 1489 (hourly closing) target 1800 & 2000. Or Buy above 1655 ( hourly closing) target 1800 -2000 SL below 1598