Tesla Stock Predictions - 2021Tesla stock predictions based on Wyckoff Distribution Pattern. Bullish long term.
Planning to sell at $720 and accumulate again along downward consolidation phase.
Tesla Motors (TSLA)
🐕 bite If it holds 50% as resistance then it is likely to fall to 412-380 to complete (v) of 5. 665-670 should hold as resistance if wave count is right.
636 -640 is also resistance and counter may reverse from here.
Not an expert on EWT. Just a random guess on wave count.
TSLA falls steadily.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% of the January maximum. If the price drops to $ 450 or even lower, you can take it.
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Good luck and big profits.
# INVERTED HEAD AND SHOULDER #TSLA #RSI DIVERGENCE # 1H#TSLA at a crucial level consolidating for a brakeout.#INVERTED HEAD AND SHOULDER #GO LONG
TESLA - Head and shoulder patternPrice forming perfect head and shoulder pattern and it is trading near the trend line. Good to enter if breaks the trend line and move further up. Target given !!
TSLA : Looking for Long opportunity!TSLA is looking for long opportunity to take the move to the upside.
SellEWT count is marked on chart. TSLA in 4th wave of corrective wave. Ideally it should stop at 38.2-50% of wave 3 but it can stretch to 61.8% ( can't take out low of 1). Price can retrace to 745-750 and then reverse for 350-380 zone. 777 is the GAP resistance which should not be taken out if this wave count is right.
Disc : it's not an investment advice to buy or sell
TESLA ON HOURLY CHARTTesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also if we look at the resistance level we can observe that every time stocks comes near resistance price there was a good reversal with good volumes.(Red Volumes bars more).
Reason for shorting setup because-
1)Sustaining below 200MA indicating major downtrend.
2)Fibonacci levels retracements.
3)Selling pressure up, red candle in volume increasing near resistance area.
4)Bearish Pennant pattern.
Trade safe.
Federal bank month frame analysis Price action suggest a favourable RR for trail target of life high slow and steady
SellRecovery towards 750-790 can't be ruled out where 4th wave may end of corrective A pattern of ABC. Then again next down leg may start for 450 to complete of 5tg wave.
I don't have basic knowledge of EWT and not an expert.
TESLA is a buy again!!!Tesla completed an ABC zigzag. Wave C hit the 100% extension of A perfectly which is our most likely target. Maybe the last time we're seeing prices like this.
Its Time to buy tesla !! :)Dont miss the chance !!
ITs time to buy some tesla !! Long term !!
NASDAQ:TSLA
#NIFTY #SENSEX #BANKNIFTY #TSLA #RELIANCE #AMZN #BUDGET2021 #NSEWondering where will NSE:NIFTY move?
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A plain and simple analysis. Expected price movements.
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A. Jan 8th/21 Open: 14258.
FIIs buy in of 6k Cr. in one day.
B. Jan 20th/21 Close: 14753.
Nifty all time high.
Around 550 points jump from point A. (In white straight line)
C. Jan 29th/21 Close: 13634.
FIIs sell off around 6k Cr. in one day. Maximum since lockdown. Down move expected.
D. Feb/21(E)
Expected to make the low of 131XX. Market move in patterns. A reversal expected from 131XX levels.
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131XX makes a Fibo retracement levels of 23% since lowest of pandemic levels .
When ever NIFTY around that levels, u can invest the best funds.
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Tesla to retest $500 mark.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
