Holding this Price Support zone of 180 to 174 as Stop Loss
You can Buy at CMP of 195
For a Move back upto Targets of:
T1= 215
T2= 235
T3= 285
T4= 300+
And 180 is also where the Previous 4th Wave is, hence the Minimum Requirement as per Elliot Wave for Wave 2 Retracement has been MET
Main Point being: Tesla Price is now at a Value Zone where Risk/ Reward is in...
As stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient.
With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target...
tesla
tesla in negative trend
with a box breakdown
as its tesla high probability for breakdown to turn fake !
and ELON will make a comeback!
as he is here to stay on top position for next 4.5 years
support at 147.5 -148
while it cn make an upmove towards 163-165 region
the open low formation at support areas along with RSI divergence indicates strength in bullishness
US markets ( S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve ....
Be bullish when others are fearful not to sell your holdings. The fed & Media are trying there best so you can closed your holdings & they can buy more.
We are at hitting multiple channels of resistances in 15min, Daily and weekly timeframe.
I would short Tesla at 990$ with SL at 1005$ with a target of atleast 930$
A one more close of four hour candle upside of red line can give a apportunity for long, Stop loss should be below the red line....trade the rage carefully
Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known.
Based on the count that was done and according to the channeling, we realized that...
I'm looking for big time sells from Weekly Supply zone, if we have proper break of structure inside the weekly supply zone then we can take trade on Sell side and target at least to the level of S&R line below
